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2 High-Profit Trading Setups for the USD/PLN, EUR/PLN

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USD/PLN News

EUR/PLN

Forex Analysis by Investing.com (Damian Nowiszewski) covering: USD/PLN, EUR/PLN. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com

Polish zloty is back on the path of strengthening against the US dollar and Euro, creating trading opportunities.

This level remains a strong support area and could potentially lead to a bounce in the pair. Overcoming this level will require a significant macroeconomic impulse, such as US economic data that could prompt the Federal Reserve to start cutting interest rates, thereby weakening the US dollar.The EUR/PLN currency pair is poised for a new downward impulse, driven by recent declines that align with the ABCD pattern's development, nearing a strong support area.

Given the increasingly hawkish stance of the NBP and a periodically weaker euro, a continuation of the decline seems likely. However, any potential breakout will be challenging, presenting an opportunity to attempt a local rebound.

 

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