20090808 - EURPLN, CHFPLN

The EURPLN has given clear sell signal:

eurpln_20090808

We should also note the next psychological barrier for EURPLN around 4 PLN per EUR.

The CHFPLN chart looks alike:

chfpln_20090808

Therefore, both currencies are technically in downtrend. Target prices are as per Fibo levels, however there is no reliable way to forecast in Forex market.

The polish government announced, that the membership of Poland in the euro zone in 2012 is not possible (here). Next date has not been set yet.

Sources:
[http://www.egospodarka.pl/43348,Tydzien-32-2009-03-09-08-2009,1,24,1.html#Pkom (via Google Language Tools)]

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