November 09, 2022 17:32 GMT
Small Move Higher For EURPLN Following The Unchanged Decision
- A small blip higher in EURPLN following the decision as analysts had been split between unchanged and a 25bp hike. The currency pair maintains a bearish tone despite today’s gains.
- The pair has recently cleared the 50-day EMA and cleared trendline support drawn from the Jun 8 low. A resumption of weakness would expose 4.6528 next, the Aug 15 low. Initial firm resistance is seen at 4.7506, the 50-day EMA.