6 May 2015
EUR/PLN round 4.05 on NBP
FXStreet (Edinburgh) - The Polish zloty is sharply lower vs. its European peer on Wednesday, taking EUR/PLN to the area of 4.05.
EUR/PLN capped at 4.06
The cross is extending its advance after the Polish central bank, NBP, left unchanged its monetary policy in today’s meeting, with the benchmark rate at 1.5%, broadly in line with prior surveys.
The cross is posting gains for the second consecutive session so far, looking to regain ground lost after Monday’s deep sell off.
EUR/PLN key levels
The cross is now up 0.43% at 4.0502 with facing the next up barrier at 4.0676 (high May 4) followed by 4.0768 (high May 1) and then 4.0809 (high Mar.27). On the downside, a break below 4.0131 (low May 5) would aim for 4.0064 (low Apr.30) and finally 3.9959 (low Apr.29).
EUR/PLN capped at 4.06
The cross is extending its advance after the Polish central bank, NBP, left unchanged its monetary policy in today’s meeting, with the benchmark rate at 1.5%, broadly in line with prior surveys.
The cross is posting gains for the second consecutive session so far, looking to regain ground lost after Monday’s deep sell off.
EUR/PLN key levels
The cross is now up 0.43% at 4.0502 with facing the next up barrier at 4.0676 (high May 4) followed by 4.0768 (high May 1) and then 4.0809 (high Mar.27). On the downside, a break below 4.0131 (low May 5) would aim for 4.0064 (low Apr.30) and finally 3.9959 (low Apr.29).