- PLN trades marginally weak ahead of key Fed minutes, Polish sales/output data (1200GMT) in focus
- EUR/PLN is currently trading at 4.1679, with initial resistance at 4.1700 (Daily High Aug 18) followed by 4.1730 daily cloud top
- 200DMA is supporting at 4.1570, there is scope for pair to reach 4.1730 on breaks above 4.1700
Recommendation: Good to buy dips at 4.1680, SL: 4.1580, TP: 4.1730Resistance Levels:R1: 4.1700 (Daily High Aug 18)R2: 4.2120 (Daily High Aug 11)R3: 4.2210 (Daily High Jul 10)Support Levels:S1: 4.1587 (21-Day MA)S2: 4.1570 (Daily Low Aug 5)S3: 4.1569 (200-Day MA)
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