EUR/PLN 1H Chart: After meeting support

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.

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Dukascopy Bank Team

Dukascopy Bank SA

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