The currency pair EURPLN twice already this week reached the area of resistance near the level 4.4540, which could not be overcome. Perhaps this is a good place to start correction of dynamic growth lasting from 30th June.

The closest target for the eventual pullback could be an area of support around level 4.4100, which also coincides with the 50% of retracement of the said upward movement. An additional confirmation of possibility further declines will be closing on H4 chart below yesterday’s minimum.

0707-EURPLN


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