Free Trial

EURPLN Reaches New Record High

POLAND
  • Selling pressure on PLN has remained extremely elevated, with EURPLN surging to a new all time high of 4.9476 this morning. Next key resistance to watch on the topside stands at psychological level 5.On the downside, ST support to watch stands at 4.8620. (chart below)
  • USDPLN continues to surge this morning, breaking above the 4.50 level, currently trading at its highest level since July 2001. Next key resistance to watch on the topside stands at 4.73, which corresponds to the pair’s all-time high. On the downside, ST support to watch stands at 4.50, followed by 4.40.

Source: Bloomberg

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.