While the action in most of the FX Majors has been rather dull yesterday we saw HUF, CZK and PLN coming under increased pressure so that higher consolidation targets in form of weekly trend line resistance at 305.68 in EUR/HUF, the October 2009 high at 26.617 in EUR/CZK and an internal 76.4 % retracement at 4.3364 in EUR/PLN could be back in focus.
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J.P.Morgan