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TECHS: Firmer Posture

POLAND

EURPLN is holding onto recent gains following Friday's reaction higher and this week's climb.

  • The cross is also trading back above a trendline support it breached earlier this month. The trendline is drawn off the Jan 14 low.
  • Attention is on 4.5317, a Fibonacci retracement. - Initial support lies at yesterday's low of 4.4706.
    • Resistance levels to watch:* RES 1: 4.5253 High Dec 21
    • RES 2: 4.5317 50.0% retracement of the Oct 29 - Dec 9 sell-off
    • RES3 : 4.5586 61.8% retracement of the Oct 29 - Dec 9 sell-off

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