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Having recently rejected a break of.....>

EURO-POLISH
EURO-POLISH: Having recently rejected a break of the 100-dma, EURPLN remains
locked in a short-term trend channel and seen approaching Jul 22 hourly support
through Pln4.2450/60. Expectations of monetary policy easing by both the ECB &
Fed seen to underpin the CEE sector of late. Momentum indicators remain bearish
with the cross registering losses in five of the last six sessions. Further
support is located at Pln4.2399/74 from the channel base & Jul 1 low. Last
Pln4.2463.

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