20100123 - EURPLN, CHFPLN

The EURPLN has rebounced from psychological level of 4.00:

Thia currency pair shows weakness, however we should not generate sell signal before the level of 4.00 is broken (and breakout is confirmed).
However, we should remember we are in primary downtrend and, technically speaking, all rallies should be used to get out the position (if we have any).

Unfortunately for polish mortgage owners, CHFPLN is still in consolidation and does not confirm EURPLN's weakness:

However, since its adoption (on 16th Dec 1995), EUR has never weakened more than ca.1.40 to CHF:

It's more of guessing game, but I think we might expect some EURCHF retracement, which will weaken the CHFPLN as well.