Free Trial

EURPLN Testing Its 100DMA Support

POLAND
  • USDPLN has been consolidating sharply lower this week, breaking below the 4.06 support this morning. Next key level to watch on the downside stands at 4.0140 (50DMA). On the topside, first resistance to watch stands at 4.10.
  • EURPLN continues to retrace lower this morning, currently testing its 100DMA at 4.593; next ST support to watch on the downside stands at 4.57 (200DMA). On the topside, first resistance stands at 4.62 (50DMA).
  • Poland 10Y yield has been consolidating higher this week, gradually approaching its ST resistance at 3.34%. Next level to watch on the topside stands at 3.43%. On the downside, key support stands at 3%.

Source: Bloomberg/MNI

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.