Free Trial

PLN: EUR/PLN Breaks 20- and 50-Day EMAs, Tests 4.3000

PLN

Downside EURPLN momentum has accelerated in recent trade, with the cross now through the 20- and 50-day EMAs and testing the 4.3000 mark. A clear break of these averages would undermine the recent bullish theme and could expose the May 28 multi-year low of 4.2471. While the fade in the USD index from last week's highs has supported EM FX, the zloty is the top performer in the EMEA region.

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.