Euro zloty – Further price slip in the near future?
March 30th, 2010
In this chart technical discussion, we consider the euro (EUR) and the Polish zloty (PLN). The euro is traded here in zloty, ie increasing the currency pair EUR / PLN, analyzes on the euro. Reverse can be said: The Zloty devalues it.<br>
Euro against the Polish zloty - Symbol: EUR / PLN<br>
Kursstand: 3.8752 PLN<br>
Review: Continuing the downward trend has caught the Polish zloty against the euro also in a medium-term decline. 3.8542 PLN up the single currency slipped in recent months, mid-March, then began to stabilize movement.<br>
This movement continues to remain in a bearish trend and extends flag. Greater buying interest so far is not on.
Chart-view: The euro remains vulnerable to further depreciation against the zloty.
If a sustained relapse among PLN 3.8542, there could be additional charges up to 3.7800 - 3.8000 and then 3.7400 - 3.7500 PLN.
A rise above 3.9550 PLN per daily closing would allow a recovery to 4.0000 and above 4.0589 PLN. Only a sustained break above 4.1280 PLN but now would trigger a buy signal, a greater recovery rate of EUR / PLN to 4.2982 - 4.3250 PLN would then be possible.<br>
Kursverlauf log. from 15.07.2009 to 01.03.2009 (candlestick chart Presentation / 1 candle = 1 days)<br>
Tags: Euro against, technical, the euro., traded