Dukascopy Bank Team
Dukascopy Bank SA
The common European currency found support against the Polish Zloty. Namely, the previous decline has ended and the junior ascending pattern was broken on early Wednesday morning.
By the middle of Wednesday's trading the rate had surged above significant resistance levels near the 4.3380 mark. Moreover, as it managed to pass these resistance levels, it approached a clear range, in which it might surge up to the 4.3620 level.
However, note that it is more likely that the rate will surge gradually at an angle in a similar range as the previous medium term pattern.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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