Corrective pullbacks, as witnessed last week, should be seen as an opportunity to buy EUR/PLN on dips, in the opinion of analysts at Rabobank. EUR/PLN trades at 4.5619.
Key quotes
“EUR/PLN fell from 4.6342 to 4.51. The downside is limited by the support area around the 4.50 level.”
“Once this consolidation phase runs its course, EUR/PLN should resume its upside momentum. We anticipate EUR/PLN will peak around 5.00 over the 3 month horizon.”
“If 4.50 fails to hold in the coming days, the next opportunity to consider buying EUR/PLN on dips would come around 4.40.”
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