EURPLN A Great Buying OpportunityTrade Proposal: There is a probability of first tp to the proposed (4.51700) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: EURPLN Waiting for the Range Bound and the beginning of the Ascension Trend. TP1= 4.51700 TP2= 4.57272Longby FXMHDH9
EURPLN the price continues to falling downEURPLN the price continues to falling down, after a little bounce to upside, the price wants to fill the weekly bear candle. According to Plancton strategy, we can set a nice order ––––– Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.Shortby InkyGrip5
LONGThe price has touched the monthly chart support so why not try the long trade ?. In the daily chart the price gives us the first floor with divergence. I'm going to wait for the price to go down giving a second floor to enter long. who are encouraged?. You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens. Longby MGRAELBA224
Potential short term buy opportunity on EURPLNWhat we see here is a currency pair that is net bearish, but has exhausted and formed a key level on the 4H timeframe, which shows there that the resting liquidity in this region is enough to inject some buying pressure, until we reach the retest of our supply zone at the top, and prepare for a long term sell movement Longby MacDannie013
EURPLNBearish channel,retesting previous support as new resistance between 38.2% and 50% Fib Zone.Shortby The_445
EURPLN - a surprising interest rate cutA very surprising cut of interest rates at today's one-day MPC meeting, without a press conference, may have its impact on the future of the Polish zloty. In recent days, the EURPLN exchange rate has come close to potential support located at the previous highs in the area of 4.39-4.41. Additionally, a simple correction labeled as "abc" could appear on the chart. If the reduction of the reference rate from 0.5 to 0.1 percent along with a rather interesting technical arrangement at the same time could affect the market, then the EURPLN exchange rate could move at least to the line drawn along the recent tops. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by Daniel_Kostecki3
The Polish zloty surged against the euro yesterdayThe Polish zloty surged against the euro yesterday as European economies start to reopen once again. Bears are looking to reel in the pair lower to its support area by the first half of June. The zloty is currently trading at its highest level since March against the euro this Wednesday. The zloty has regained about half of its losses against the euro. With most economies in the region starting to gradually reopen, the currencies are also recovering. But looking at the performance of the Polish zloty earlier this month, it’s evident that it had a rough time trying to redeem itself against the single currency. Luckily, bears were able to gather momentum to eventually force the pair lower. It appears that the recent decision of the Hungarian central bank helped boosted the Polish zloty, giving it strength to rally against the bloc’s euro. It was reported that the National Bank of Hungary left its interest rates unmoved, supporting the forint and zloty in sessions.Shortby Financebroker6
Possible long on EURPLNUsing our supply and demand lenses, we have a strong imbalance in price causing a fresh demand zone on the weekly. High demand causes prices to rise. We have to be patient to wait for price to retrace to the demand zone where we can look for buy opportunities.Longby nii_kwaatei_niatse4
EUR PL LONG SETUPEUR PLN - daily chart is a very strong base for bulls , cant see a reason for down movement here . i am looking for long position with stop loss under green line (support zone). Any daily close under that line will make me bearish for that EURPLN Longby KarolEGG0
SHORTI see two ways to go short. I like to be cautious, so I prefer to wait for the price to return to the resistance zone to start trading short.Shortby MGRAELBA6
SHORTThe price gives a triangle on the attached monthly chart and has now broken the top. It seems that the price wants to make a pullback. This possible monthly pullback is what I want to take advantage of to make a short negotiation in a smaller time frame.Shortby MGRAELBA4
The “unnecessary” rate cut from the Polish central bankThe broad weakness of the euro in the foreign exchange market today was seemingly brushed off by bullish investors. The news about the Polish zloty and the “unnecessary” rate cut from the Polish central bank has weakened the Polish zloty, preventing bearish investors from regaining their footing. The euro to Polish zloty trading pair will remain widely bullish thanks to the negativity regarding the zloty. According to a local report, an expert said that the previous rate cuts from the Polish central bank contributed to the strain felt by the zloty, which is now greatly undervalued against the Single currency. Apparently, the central bank has already slashed its official interest rates twice this year thanks to the pandemic. As of writing, the interest rates of Poland currently stand at 0.50%. And later today, the central bank is scheduled to unveil its interest rates decision which is widely expected to be left unmoved this May.Longby Financebroker3