PLN/EUR - Polish Zloty Euro

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PLN/EUR Analysis

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Feb 23, 2016 11:27PM ET

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The EURUSD was indecisive yesterday but overall still able to maintain its bearish bias, made another lower high and low. The bias remains bearish in nearest term testing 1.0950 as a part of the bearish scenario after formed a shooting star formation as you can see on my daily chart below. A clear break and daily close below 1.0950 could trigger further bearish pressure targeting 1.0800 area. Immediate resistance remains around 1.1070 (former support). A clear break above that area could lead price to neutral zone in nearest term testing 1.1120 (visit my profile to get more details) but overall I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell..

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Jan 26, 2016 11:58PM ET

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Buy PLNEURO at 0.2225 takeprofit at 0.2250

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Jan 13, 2016 1:19AM ET

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buy pln/euro

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