The EURPLN currency pair has recently struggled with the uptrend line led from the hole of April, which is also the lower bound of acending channel.

Despite a slight rebound eventually managed to break it and the price is currently consolidating at support area, which is within the level of 4.3630. If it is broken and come to close below the lows of last week, you can expect further declines.

Alternatively, the upside move from current levels could lead to test the broken trend line which now acts as resistance.

2707-EURPLN


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