Current Position:
FPMARKETS:EURPLN recently approached the lower bound of its trading range for the past year, presenting an attractive entry point for a long trade.
Supporting Factors:
NBP Hawkishness: The National Bank of Poland's hawkish guidance at its December meeting has supported the zloty, but risks of an earlier-than-expected rate cut may weaken...
Trend Analysis
The FX:GBPUSD GBP/USD pair remains firmly bearish, with strong selling pressure driving prices lower.
The downtrend is reinforced by macroeconomic factors, including the stronger TVC:DXY USD and the UK's fiscal challenges.
Trading Strategy
Short Setup:
Entry: Wait for a pullback to 1.2300 (resistance turned support) or any bounce...
