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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.

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