20100417 - EURPLN, CHFPLN

The EURPLN chart did not change much since last analysis:

The EURPLN exchange rate is near its lowest levels and that is not a good sign in general.
In my (subjective) opinion we might expect a technical rally up to 4.00; nevertheless, it's pure guessing and our positions should never be against the primary trend.

The CHFPLN chart shows the currency rate is hovering near the same levels for almost a year now:

We might notice there is slight decreasing slope (highs are slightly lower); nevertheless in my opinion we should really qualify current formation only as as consolidation.

The EUR is expected to rise when Greece accesses its bailout (here).

The PLN seem to be quite stable, despite last Saturday's tragedy (this post) (here or here).

Sources:
[http://www.businessweek.com/news/2010-04-16/greek-bailout-in-matter-of-days-to-boost-euro-ubs-says.html]
[http://www.forexyard.com/en/news/Polish-markets-track-wider-trends-after-plane-crash-2010-04-12T091502Z-UPDATE-2]
[http://online.wsj.com/article/BT-CO-20100412-702839.html?mod=WSJ_latestheadlines]