On Sunday, there will be elections, and this artificially maintained financial situation in the country, just like fuel prices, might burst like a soap bubble.
Fuel prices are artificially being kept low, and some gas stations are not operational due to fuel shortages. The government is distributing money left and right, all to win the elections. Winning the elections at the expense of the country's economy is not the best option. Elections are taking place this Sunday, and no matter which party comes to power, the Polish Zloty won't be able to artificially maintain its value. There was a powerful upward movement, and at the moment, we've made a strong collection move. The MA65 on the daily chart acted as resistance, after which buying volumes formed. I'm opening a long position with targets as shown on the chart.
Fuel prices are artificially being kept low, and some gas stations are not operational due to fuel shortages. The government is distributing money left and right, all to win the elections. Winning the elections at the expense of the country's economy is not the best option. Elections are taking place this Sunday, and no matter which party comes to power, the Polish Zloty won't be able to artificially maintain its value. There was a powerful upward movement, and at the moment, we've made a strong collection move. The MA65 on the daily chart acted as resistance, after which buying volumes formed. I'm opening a long position with targets as shown on the chart.