EUR/PLN edges higher, ignores bullish Polish manufacturing PMI data
EUR/PLN was better bid despite bullish Polish data, trades at 4.2490, away from 4.2417 low hit earlier in the day
Poland Purchasing Manager Index increased to 52.2 in October from previous 50.9, labour creation extended for a 27th month
Risk-off trades following the release of the Caixin...
Weekly:
- Ichimoku setup is extremely bearish, but Price looks a bit oversold given it has moved a lot away from Kumo and Kijun (equilibrium levels)
- Heikin Ashi is bearish, but haDelta/SMA3 turning up again from extremely low print
- In case of a correction maximum retracement tgt is ard 0,236 Fibonacci level + previous horizontal resistance (now bearish...
