Recently euro weakened against all its pairs on account of contraction in GDP to 0.4% from 0.7% and fall in inflation to 1.2% from 1.3% and cautious tone from ECB President about quantitative easing. But on the other side PLN weakened more than EUR so EUR/PLN is in uptrend on weekly and on monthly chart.
TECHNICAL TOOLS: BOLLINGER BANDS, ICHIMOKU CLOUD, TVS, RSI.
CHARTS: WEEKLY AND MONTHLY
BOLLINGER BANDS: EUR/PLN is rising from lower levels.
ICHIMOKU CLOUD: EUR/PLN is in uptrend.
RSI: It is ris…