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PLN, HUF and RON: rockin' Mario

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Polish Zloty (EUR/PLN) – Zloty in trouble? What a week we just had. As expected, the first days of December certainly were not holiday time. The party began on Thursday though, with the ECB lowering the deposit rate in the Eurozone and extending in time its QE program. Speculators trading on volatility can always count on Super Mario! Lower depo rate and longer QE means weaker Euro? Yeah, right. The EUR/USD stopped its downward move and shot up reaching levels above 1.09, not seen since

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