EURPLN -- 4.7140
In the recent trading week we have finally seen a breakout of the ascending triangle chart pattern which I already referred to in the Morning Call #13. The currency pair trades now in bullish territory and trying to short the Euro at these overbought levels looks tempting but is very risky. I therefore advise to look for a relief rally in Złoty to the 4.68/4.65 support zone to buy the pair. Next resistance is 4.7746 (high of last week).
EURHUF -- 368.73
With a high of 370.24 a new all-time high has been printed today. The ascending triangle formation is not as convincing as for EURPLN but a breakout to the upside remains possible. Nevertheless I would watch the weekly candle carefully for a reversal price action below 370/369.60 resistance. If the candle turns red I recommend Forint longs.
Good luck,
Sebbo