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TECHS: EURPLN Retracing Recent Rally

POLAND

EURPLN has traded lower today as the cross retraces December's sharp rally and unwinds a recent overbought condition.

  • Dips are likely corrective in nature though and support is seen at the 4.5065 level initially, the 20-day EMA.
  • A rebound would refocus attention on last week's Dec 31 high of 4.6217.

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