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Having printed 18-month highs of........>

EURO-POLISH: Having printed 18-month highs of Pln4.4142 on Monday, PLN looked
set to register its fourth successive session of gains in early Europe. Rate
touched pullback lows of Pln4.3474, but with lack of follow through quickly
faded the move. Near-term resistance is seen at Pln4.3808/09 (50% retracement of
Pln4.4142-4.3474/Hourly low Jul5 now res). On the downside, a break of the
intraday low opens Pln4.3357 (50% retracement of Pln4.2571-4.4142). US NFP the
main highlight at 1230GMT. EURPLN last Pln4.3661. 

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