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GrowthAces.com is an independent macroeconomic research consultancy for traders. We offer you daily forex analysis with forex trading signals. The service covers forex forecasts and signals for following currencies: EUR, USD, GBP, JPY, CAD, CHF, AUD, NZD as well as emerging markets. Our... More
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  • Get Short On The EUR/PLN. 0 comments
    Aug 7, 2014 8:53 AM

    ECONOMIC CALENDAR

    (click to enlarge)

    EUR/PLN

    • 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

    We encourage you to subscribe to our daily fundamental macroeconomic analysis newsletter (http://growthaces.com) to read the full version of our analysis right away.

    Thank you for reading.

    Growth Aces

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