EUR/PLN 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro has been losing ground against the Polish Zloty since mid-November when the pair embarked on a formation of the channel down pattern that took the currency couple to a seven-month low of 4.1319 in the second part of December.
At the moment the pair is on the downside that followed a rebound from the recent low and may persist in the foreseeable future given a strong bearish sentiment on the market coupled with technical data suggesting weakness of the pair in the hours to come.
© Dukascopy Bank SA
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