EUR/PLN increasingly looks to have topped as nearby support at 4.48/4.4710 uptrend and Fibo are exposed, Commerzbank’s Karen Jones informs.
See: How could the NBP meeting affect the EUR/PLN pair?
Key quotes
“EUR/PLN has closed below the 4.5105/4.5002 support area where the last six weeks lows were made. It is currently eroding the four-month support line at 4.48 as well as the 38.2% Fibonacci retracement at 4.4710.”
“The market will stay directly offered below the 55-day ma at 4.5335.”
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