The dynamic rally has also very dynamic throwback. It can be connected with primary minister Donald Tusk's speech about introducing EUR in Poland in 2011 (here (via Google Language Tools)). I just love reasoning after the event.
Nevertheless, before introduction of EUR, Poland has to go through ERM-II mechanism, which allows currency to only float in a range of ±15% with respect to a central rate against the euro. Giving current rapid growth of the polish economy and high interest rates it can be hard to satisfy.
Technically, the race was very fast and it will be nice to have some kind of confirmation, like a bounce from 3.32 or Fibo 61.8%:
Right now nothing can be said about future direction as the primary downtrend (lower low & lower high pattern) has been obviously broken. Situation is not clear and the new trend has not shown itself yet.
Sources:
[http://www.egospodarka.pl/33900,Wprowadzenie-euro-w-Polsce-w-2011,1,11,1.html (via Google Language Tools)]
Posts
No comments:
Post a Comment