Facts:
1) This is a third time price is testing the trend channel support.
2) We see on MACD oscillator is the reversal is started.
There is a possibility that the support will be broken, but the previous Global financial crisis, the EURPLN pair acted in the opposite direction. If this time mechanics will work out the same way, price may hit 6.4 PLN per single EUR.
As per time span, according to previous GFC's stats, once it started it may last whiting 10-15 months
1) This is a third time price is testing the trend channel support.
2) We see on MACD oscillator is the reversal is started.
There is a possibility that the support will be broken, but the previous Global financial crisis, the EURPLN pair acted in the opposite direction. If this time mechanics will work out the same way, price may hit 6.4 PLN per single EUR.
As per time span, according to previous GFC's stats, once it started it may last whiting 10-15 months
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.