13 Feb 2015
EUR/PLN muted post-CPI
FXStreet (Edinburgh) - The Polish zloty posted no reaction following the CPI release in Poland, with EUR/PLN hovering around 4.1790/1800.
EUR/PLN keeps within range
The cross is sharply higher today, breaking above the intraday congestion around 4.1650 and clinching levels above 4.1800. In the data space, January consumer prices remained entrenched in the negative territory in Poland, contracting 0.2% inter-month and 1.3% on a yearly basis from -0.3% and -1.0% previous, respectively. Further data saw the M3 Money Supply expanding slightly higher at an annual pace of 8.5% during the same period vs. December’s 8.4%.
EUR/PLN levels to watch
As of writing the cross is advancing 0.29% at 4.1792 with the next hurdle at 4.2124 (high Feb.12) ahead of 4.2248 (high Feb.11). On the other hand, a breakdown of 4.1576 (low Feb.9) would aim for 4.1558 (low Feb.6).
EUR/PLN keeps within range
The cross is sharply higher today, breaking above the intraday congestion around 4.1650 and clinching levels above 4.1800. In the data space, January consumer prices remained entrenched in the negative territory in Poland, contracting 0.2% inter-month and 1.3% on a yearly basis from -0.3% and -1.0% previous, respectively. Further data saw the M3 Money Supply expanding slightly higher at an annual pace of 8.5% during the same period vs. December’s 8.4%.
EUR/PLN levels to watch
As of writing the cross is advancing 0.29% at 4.1792 with the next hurdle at 4.2124 (high Feb.12) ahead of 4.2248 (high Feb.11). On the other hand, a breakdown of 4.1576 (low Feb.9) would aim for 4.1558 (low Feb.6).