20100605 - EURPLN, CHFPLN

The EURPLN:

The EURPLN chart shows us quite rally; however we are still in primary downtrend. Not much we can tell at the moment and we have to observe the market continuously.

The CHFPLN is again near psychological level of 3.00:

We are at the edge of generating another buy signal, which are no good news for polish mortgage owners.

We cannot say much at the moment, both currencies have rallied, but they are still under psychological levels.
The rates are rising exponentially (BARR pattern) and usually, there is quite dramatic drop next (that's my subjective opinion).
Nevertheless, that is only pure guessing and we shall follow the market actions. For sure, we won't keep to our analysis blindly, when market tells us different.

Sources:
[http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:chart_patterns:bump_and_run_reversa]

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