Short EUR/PLN close below 20-DMA

FX_IDC:EURPLN   Euro / Polish Zloty
55 0 5
Polish Monetary Policy Council left interest rate unchanged at 1.5 percent Wednesday largely in line with expectations.

The ECB earlier today maintained status-quo and left its main refinancing rate, deposit rate and marginal lending rates at 0.0%, -0.40% and 0.25% respectively.

The euro             edged slightly higher after ECB decision. Focus now on ECB President Mario Draghi's presser to determine the next leg of move for the shared currency.

The pair broke below 20-DMA support at 4.3183, scope for test of 78.6% Fib at 4.2855.

Momentum studies are bearish , RSI is below the 50 mark, Stochs are biased south and MACD line is on the verge of a bearish crossover on signal line.

Major support levels - 4.3085 (61.8% Fib), 4.2959 (Aug 23 low), 4.2855 (78.6% Fib)

Major resistance levels - 4.3182 (20-DMA), 4.3246 (50% Fib), 4.3337 (5-DMA)

Good to go short on a close below 20-DMA, SL: 4.3250, TP: 4.2959/ 4.2855/ 1.2730
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out