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EURPLN Finds Support At 200DMA

POLAND
  • USDPLN has been retracing slightly higher in the past few days after finding a low at 4.0280 on Dec 31; ST resistance to watch on the topside stands at 4.07 (50DMA), followed by 4.10. On the downside, support to watch stands at 4.
  • EURPLN found support at its 200DMA yesterday, currently trading slightly below the 4.58 level; resistance to watch on the topside stands at 4.6015 (100DMA). On the downside, support to watch below 4.5720 (200DMA) stands at 4.55.
  • Poland 10Y yield broke above the 3.50% level in the end of December and keeps reaching new highs amid growing concerns over inflation risks. The 10Y yield is gradually approaching the 3.75% resistance; next level to watch on the topside stands at 4%. On the downside, first support now stands at 3.50%.

Source: Bloomberg/MNI

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