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Article
KBC: EUR/CZK and EUR/PLN just above key technical support levels
27.07.2010 10:43 TuesdayThe Czech koruna stayed yesterday in a tight area around EUR/CZK 25.10. Even though it has attempted to overcome the border, it has anyway stayed there regardless the changes of the surrounding Middle European currencies. Today has no significant domestic events. The koruna thus could again attempt to break below the level of 25.10. This afternoon, the US numbers will take center stage, should US consumer confidence surprise on the upside the EUR/CZK might test the key technical support at the 24.975 level.
Poland The Polish zloty appreciated yesterday and moved close to the psychological level of EUR/PLN 4.00. In the Polish forex market, the good global sentiment was further supported by the positive results of the stress tests in the Polish and Hungarian financial sectors. This week is in general quiet for the domestic scene. The zloty will primarily follow the contest between bulls and bears on global markets. The important technical support for the currency pair EUR/PLN lays jus below the 4.00 and the 3.895 respectively.
KBC
Poland The Polish zloty appreciated yesterday and moved close to the psychological level of EUR/PLN 4.00. In the Polish forex market, the good global sentiment was further supported by the positive results of the stress tests in the Polish and Hungarian financial sectors. This week is in general quiet for the domestic scene. The zloty will primarily follow the contest between bulls and bears on global markets. The important technical support for the currency pair EUR/PLN lays jus below the 4.00 and the 3.895 respectively.
KBC
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