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USDPLN Trading Slightly Above 76.4% Fibo Support

POLAND
  • EURPLN tick lower this morning after finding resistance slightly below the 4.77 level; ST support to watch on the downside stands at 4.7420, followed by 4.70. On the topside, resistance to watch stands at 4.8035 (38.2% Fibo retracement of 4.4830 – 5.0020).
  • USDPLN tick lower this morning, currently trading slightly above the 4.6890 level, which corresponds to the 76.4% Fibo retracement of the 4.1490 – 4.8550 range). On the topside, key resistance to watch stands at 4.80.

Source: Bloomberg

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