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EUR/PLN recovers from key support at 4.3165, buy on dips

Pair is currently trading at 4.3329 levels. It made intraday high at 4.3365 and low at 4.3161 levels. Intraday bias remains bullish for the moment. A daily close below 4.3160 levels will turn the bias downside and drag t…

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EUR/PLN recovers from key support at 4.3165, buy on dips
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  • Pair is currently trading at 4.3329 levels.
     
  • It made intraday high at 4.3365 and low at 4.3161 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below 4.3160 levels will turn the bias downside and drag the parity towards 4.2320 marks.
     
  • A current downfall from 4.5120 is likely to end here.
     
  • Alternatively, current reversal will drag the parity towards 4.38 levels.

We prefer to take long position in EUR/PLN around 4.3280, stop loss 4.3160 and target 4.38 levels.

 

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