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PLN Gives Up January Gains

POLAND
  • Polish President Andrzej Duda will call a meeting of the government and all party leaders for Friday to discuss security situation around Ukraine (BBG).
  • At 11am (London time), policymakers Hardt and Kotecki speak at seminar about inflation.
  • Momentum on USDPLN remains firm, with the pair trading back to its December levels. ST resistance to watch on the topside stands at 4.07 (50DMA); a break above that level would open the door for a move up to 4.10. Support to watch on the downside now stands at 4.0120 (100DMA).
  • EURPLN also continues to retrace higher this morning after breaking above its 200DMA during yesterday’s trading session. ST resistance to watch on the topside stands at 4.60 (100DMA).

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