EUR/PLN breaking above historical high.
The pair is in an important place, as it just broke through a historical high from 2011, which has been retested in 2016, but failed. Its 2020 and in a rapid impulse it cleared the High and pulled back for a retest where as you see, it created a solid demand zone where buyers step in.
As you know impulse- correction - impulse. The rest is on the chart.
There is a lot of negative sentiment now in Poland, as we are approaching a joke of a presidential election, that noone besides the ruling party wants, and I am expecting the PLN to loose value.
The green circles are areas where I will monitor the price action. In my opinion the high of 4,63 is going to be cleared, then I will analyze again.
As you know impulse- correction - impulse. The rest is on the chart.
There is a lot of negative sentiment now in Poland, as we are approaching a joke of a presidential election, that noone besides the ruling party wants, and I am expecting the PLN to loose value.
The green circles are areas where I will monitor the price action. In my opinion the high of 4,63 is going to be cleared, then I will analyze again.
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