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EUR/PLN has staged a pullback after facing resistance near the upper limit of a multi month channel at 4.7400 last month. Economists at Société Générale expect the pair to rebound towards 4.6460 as the 200-day moving average (DMA) at 4.57 holds. 200-DMA at 4.
WTI recapture $71, as the upside extends above the 200-DMA. Iran crude supply delay and easing Omicron fears lift the black gold. US API data and covid updates in focus for fresh trading impulse. WTI (NYMEX futures) is sitting at six-day highs above $71, helped by the improving risk appetite amid easing fears over the impact of the new Omicron covid variant on the economic growth.
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