EUR/PLN had been trading in an ascending channel since late August prior to breaching this pattern to the downside on Tuesday. The pair’s movement during the past two weeks resembles a channel down; however, another bottom confirmation is still needed. Meanwhile, the common European currency has been testing the lower channel line for several hours, thus not...
This is one of those higher spread pairs, but with a tight SL and a quick to action response, I trust this one to be a fine trade. I have a small position currently on the short side and hopefully can cash in tomorrow or the day after. Buying power seems weak, looking over the indicators, on the Stochastic - which I do not have on this chart - also indicates...
I believe we got a trustworthy reverse. The resistance at 4.29275 have been tested before. It broke out yesterday of the reverse cup, and is heading north of the 10EMA. Volume haven't picked up yet, so be aware it might do a drastic spike down over the next days, before continuing up. I have a bigger SL because I plan to hold this one for some time. For good...
we will see if the analysis is correct on this pair to enter short after lower trendline break.
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...
Eur-Pln Short Setup Resistance Area Rejected With Grave Stone Doji Also Rejected Trend line After Retrenchment Fibbo Also Confluence
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...