The pair has been highly volatile for the past year with sharp and rapid turns, losses and gains. EUR/PLN's trend is still unclear as we witness sudden changes of the trend. One thing is clear - for the last few months it is going heavily to the upside, but not without the constant pressure of the bears who are trying to push prices down.
This pair's behavior is hard to predict so you might want to stay away from trading it until it manages to form a clear and consistent pattern.
Chart: EUR/PLN D1
Frankly I do not follow this pair,will pay much attention, thank you!
ReplyDeleteNice bullish channel.
ReplyDeleteThank you for the analysis!
ReplyDeleteInteresting post, thank you.
ReplyDeleteGood post.
ReplyDelete