Eur/Pln has reached a high of 4.1874 today and I squared in the 4.17 area. It has been a swift move higher as I expected and I am opting to take profit. I am square for now and will await further developments. I will most likely buy on dips towards the low 4 area or alternatively on a break of 4.20, since I am still quite bearish on CEE and PLN.
Unfortunately, pricing of options are such that there is great difficulties of getting value out of it from here. Hence I am forced to the cash market.
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