EUR/PLN 1H Chart: Triangle

Since Jun 21 EUR/PLN has been consistently respecting the converging trend-lines, forming the triangle on a 1H chart. Considering that this pattern implies continuation of a major move, we expect an eventual break-out to the upside; however, for now the resistance at 4.3565 holds and in a very short term is unlikely to give in. Still, daily indicators are bullish, suggesting that the dips should not be deep, being limited by the nearest supports at 4.3270 and 4.3165, and will be followed by a robust rally beyond 4.3565.