EUR/PLN: Late January peak of 4.6010 to cap the bounce – SocGen

EUR/PLN has dipped towards the lower limit of the channel since 2020 at 4.4800.  Economists at Société Générale expect the pair to stage a short-term rebound, with the late January peak of 4.6010 capping.

Short-term upside likely

“A bounce is likely, however, late January peak of 4.6010 should be first resistance.” 

“Should decline persist below 4.4800, next potential support could be at last June levels of 4.4360 .”