FxWirePro
Long

EUR/PLN bounces higher from trendline support, long at 2.2450

FX_IDC:EURPLN   EURO / ZLOTY
141 3 3
EUR/PLN edges higher, ignores bullish Polish manufacturing PMI data

EUR/PLN was better bid despite bullish Polish data, trades at 4.2490, away from 4.2417 low hit earlier in the day

Poland Purchasing Manager Index increased to 52.2 in October from previous 50.9, labour creation extended for a 27th month

Risk-off trades following the release of the Caixin Chinese PMI report favoured safe-haven currencies such as the euro            

EUR/PLN has strong trendline support at 4.2420, pair has taken support and edged higher, weakness only below 4.2420

Immediate resistance on the upside is located at 4.2668 (Daily Tenkan) ahead of 4.2804 ( Oct             30 highs)

Recommendation: Good to buy dips around 2.2450, SL: 2.2400, TP: 2.2660
AntimMarko
a year ago
Are you sure the quotes are right?
Reply
FxWirePro AntimMarko
a year ago
My Bad ....there has been a typo...Correction :Good to buy dips around 4.2450, SL: 4.2400, TP: 4.2660
Reply
FxWirePro
a year ago
Correction to quotes: Long around 4.2450, SL: 4.2400, TP: 4.2660

"There has been a typo error in the previous post"
Reply
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