20090328 - EURPLN, CHFPLN

EURPLN gained +2.25% at last session:



The medium-term (weekly) downtrend is still intact, however EURPLN might generate short-term (daily) buy signal if 4.6925 is significantly crossed.

The CHFPLN actually generated short-term buy signal (crossing 3.0575):



Nevertheless the medium-term (weekly) is still intact and from this perspective it is still correction.

Currencies are as always hard to forecast and we are limiting our analysis to simple trend following signals here.