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EURO / POLISH ZLOTY REFERENCE RATE

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EURPLX trade ideas

EUR/PLN will continue to move lower in the following days toward𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair will continue to move lower in the following days toward its previous low. As the United Kingdom is about to depart from the European Union on January 31, a possibility of a new country leaving the bloc is increasing. A resolution calling for Poland to respect the rule of law was passed with 446 votes to 178 and 41 abstentions, warning the former communist party of triggering Article 7 (1) of the EU Constitution. The Polish government on the other hand, warned that increasing pressure from the EU and its meddling in the country’s affairs might result to Poland eventually leaving the bloc. Despite this, Brussels is trying to hold everyone after it backs Poland against Russian accusation that the country started the World War II. This was amid the warming relationship between Russia and the European Union, specifically with the EU de facto leaders French President Emmanuel Macron and German Chancellor Angela Merkel.
by Financebroker
EUR/PLN Near Major Support - Breach or Bounce both TradableThe Euro and Polish zloty (PLN) is testing a major support area on the daily chart, in place since June of 2018 The support area is a large one, between 4.26 and 4.237. The price has been consolidating around 4.26 since Dec. 17. The high of the consolidation is 4.2755 and the low is 4.2528 (small pink rectangle). The breakout direction for that consolidation could indicate the direction the pair is likely to move over the coming months. A break lower from the two-week consolidation (small pink rectangle) means the price is still in the support area, but could keep falling to test the 4.23 region. A continued drop below the support area indicates a further decline to the next major support area between 4.16 and 4.13. A short trade has the added benefit of a positive roll. The Eurozone has 0% interest rates, while Poland has an interest rate of 1.5%. If the two-week consolidation breaks to the upside, it could be inferred that the large support area has held and the price will continue oscillating in a large range. Range resistance is 4.40 to 4.42. If the EUR/PLN rises, that is the target over the next several months.
by CoryMitchell-CMT
EURPLN is technically on a new up trendLONG - EURPLN SL: 4.24797 (Suggested by our algorithmic system) TP: 4.31189 Reasons behind this idea: 1. Price broke through resistance trendline 2. RSI & MACD indicator is showing bullish divergence Caution: Important economic reports are due on November 15th. ---------- Chart Drawings ---------- Red Dotted Line: Broken Resistance Trendline Blue Solid Line: Support Trendline Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing) Green Vertical Line: Suggested Take Profit Green Arrow: Bullish Divergence Trade idea from our mobile app: ibb.co Please trade responsibly and good luck!
Long
by TradeDayOnline
EURPLN: Short opportunity within a 1D Rectangle.The pair has discontinued its uptrend (RSI = 61.957, MACD = 0.014, Highs/Lows = 0.0151) this week having been rejected near the 4.4000 1D Resistance. This creates ideal conditions for a reversal towards the 4.31460 1D Support, essentially aiming to trade within a Rectangle pattern. We are short on this formation with 4.33200 - 4.31460 as the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope