The Polish zloty may gain to the strongest level since December 2008 against the euro in the next two months, according to analysis by Auerbach Grayson & Co. using so-called Fibonacci numbers. The currency may appreciate to around 3.86 per euro, which would be the highest intraday level since Dec. 12, 2008. The level represents a 61.8 percent Fibonacci retracement from a five-year low of 4.9307 on Feb. 17, 2009, and a record high of 3.2011 in July 2008, according to Richard Ross, a global technical strategist at Auerbach. The currency passed through the mid-point last month, signaling a “heightened level” for more gains, he said.
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