20090131 - EURPLN, CHFPLN

The EURPLN seems to continue its rally:

eurpln_20090131

The uptrend still remains very strong. The high of 4.4656 hasn't been broken yet (price is still in error margin); nevertheless the odds are it will be crossed and new buy signal will be generated.

The CHFPLN has similar situation, however, the level of 3 PLN per 1 CHF has psychological meaning:

chfpln_20090131

Therefore I would also wait for clear and confirmed breakout this level, before giving out a buy signal.

Generally speaking, both currencies are in uptrend and there is no sign of trend reversal as of now. Both currencies are near the important levels and any scenario is possible. We shall watch them carefully in the incoming week.

Also, there are economic related protests and riots are occurring around the world from Iceland to China (here).

Sources:
[http://hubpages.com/hub/Worldwide-Economic-Protests-and-Riots]

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