- We have had a strongly bullish market on the EUR/PLN recently. The rate reached daily high at 4.2170 on Wednesday. Demand at this level is exhausted for now. We went short at 4.2010. We set a stop-loss at 4.2185 and the target at 4.1730.
Significant technical levels:
Resistance: 4.2170 (high Aug 6), 4.2185 (high Apr 28), 4.2350 (high Mar 17)
Support: 4.1731(200-dma), 4.1632 (low Aug 5), 4.1230 (low Jul 9)
Our current trading positions:
EUR/PLN: short at 4.2010, target 4.1730, stop-loss 4.2195
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