The EUR/PLN has been stuck in a range for the past few years. We opened the year 2012 at 4.4464 and we're not quoted at 4.3593, a move of only 2.2 percent.
The shorter-term charts are painting a similar picture. We're trading barely changed compared to one month ago. On the weekly chart below we can see that this pair respects the Bollinger Bands. Whenever the pair ventured outside these Bands, it was snapped back inside. We're now right at the middle of the BBands, a neutral zone.
The powerful …
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