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Bear Cycle Still In Play


Firmer Short-Term Tone


Watching Support

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  • USDPLN ticks lower this morning after failing to break through its 100DMA in the past two days; ST support to watch on the downside stands at 3.9430, followed by 3.9020 (200DMA). On the topside, next resistance to watch above 4.0050 (100DMA) stands at 4.0730 (50DMA).
  • EURPLN has been testing its 4.5170 support in the past week; a break below that level would open the door for a move down to 4.50. On the topside, first resistance stands at 4.55, followed by 4.57 (200DMA).

Source: Bloomberg/MNI

MNI London Bureau | +44 203-865-3850 |
MNI London Bureau | +44 203-865-3850 |

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