EUR/PLN to head lower towards 4.45 and perhaps even the 2021 low of 4.43 – SocGen EURPLN Technical Analysis Banks
EUR/ PLN sank to the lowest level in nearly two years to below 4.4700 yesterday. Economists at Société Générale analyze the pair’s technicalEUR/PLN underwent a brief pause in May however the upside has remained capped near April / May 2022 lows of 4.55. It has now breached the lower limit of recent consolidation denoting resumption in down move.
The pair is expected to head lower towards next projections at 4.45 and perhaps even towards 2021 low of 4.43.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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