Free Trial

EUR/PLN Levels Out Post-CPI

PLN
  • EUR/PLN back to flat on the day, largely shrugging off the higher-than-expected CPI release. EURPLN continues to trade higher on the week, and has cleared resistance at 4.8515, the Jul 12 high.
  • This confirms a resumption of the uptrend that started late May and opens 4.90 and 5.0019, the Mar 7 high and a key resistance. The 20-day EMA at 4.7429 is the first key support.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.