Free Trial

EUR/PLN Techs Show More Potential Downside as Spot Trades at Weekly Lows

POLAND
  • Local rates continue to underperform CEE peer Hungary
  • Open higher across the curve owing to eroded real yields following yesterday's upside CPI surprise.
  • 1.25 support holding on 10Y.
  • FX: EUR/PLN is trading near its weekly low at 4.4308 on buoyant risk sentiment and a softer greenback.
  • Major Technical breakout through trendline support drawn off the 14 Jan low has reconfirmed the bearish bias in the cross
  • Opens up 4.40, followed by 4.37 if spot can breach 4.43.
  • EUR side factors and tonight's Fed should dominate price action for today.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@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.