Back
4 Feb 2015
EUR/PLN flat around 4.17
FXStreet (Edinburgh) - The Polish zloty is trading almost unchanged vs. the single currency on Wednesday, with EUR/PLN hovering over the 4.1700/20 band.
EUR/PLN indifferent post NBP
The cross largely ignored the NBP (Polish central bank) decision of leaving its benchmark rate unchanged at 2.0% in today’s meeting, broadly in line with market expectations. From a broader view, the cross continues to fade December’s spike to the 4.40 neighbourhood, trading in 2-month lows.
EUR/PLN levels to watch
As of writing the cross is flat at 4.1724 with the next up barrier at 4.1960 (200-d MA) ahead of 4.2780 (30-d MA) and finally 4.2815 (10-d MA). On the flip side, a breakdown of 4.1592 (low Feb.3) would open the door to 4.1550 (low Dec.10) and then 4.1495 (low Dec.4).
EUR/PLN indifferent post NBP
The cross largely ignored the NBP (Polish central bank) decision of leaving its benchmark rate unchanged at 2.0% in today’s meeting, broadly in line with market expectations. From a broader view, the cross continues to fade December’s spike to the 4.40 neighbourhood, trading in 2-month lows.
EUR/PLN levels to watch
As of writing the cross is flat at 4.1724 with the next up barrier at 4.1960 (200-d MA) ahead of 4.2780 (30-d MA) and finally 4.2815 (10-d MA). On the flip side, a breakdown of 4.1592 (low Feb.3) would open the door to 4.1550 (low Dec.10) and then 4.1495 (low Dec.4).