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Growth Aces
Send Message 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


    (click to enlarge)


    • 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 ( to read the full version of our analysis right away.

    Thank you for reading.

    Growth Aces

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