20081227 - EURPLN, CHFPLN

That's the last currency review this year, therefore let's see wider picture. The EURPLN weekly:



The EURLN is in long-term uptrend. As the trend tends to follow, the odds are 4.18 will be taken.

The CHFPLN still struggles below 2.73, near Fibo 61.8% level:



The CHFPLN is also in long-term uptrend, therefore we should expect level of 2.73 to be broken. However, we should really wait for break of 2.73, before we can say anything.

The polish mortgages have lower interest rates, nevertheless the CHFPLN exchange rates have quickly increased the amount payable. Therefore CHFPLN seem to be critical for polish homeowners. Unfortunately, the rising CHFPLN scenario is preferred here.

However, the currencies are kind of nasty to forecast. Generally speaking, this year was exceptionally hard as per global crisis, surprising news and rapidly changing interest rates. The volatility in the market has been tremendous and even the biggest players were hit.