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Forex: EUR/PLN in lows around 4.1300

FXstreet.com (Barcelona) - The wave of selling orders dragged the cross below the key level at 4.1300 on Wednesday, after the NBP cut the refi rate by 25 bps against market expectations. The Polish zloty surprisingly performed quite well so far, as many participants were hoping for a 50 bp cut.
A negative trend in the consumer prices plus tepid fundamentals as of late was amongst the triggers of the decision.

At the moment, the pair is down 0.22% at 4.1312 with the next support at 4.1275 (MA200d) followed by 4.1250 (low May 6) and finally 4.0845 (low Apr.10).
On the upside, a break above 4.1790 (high May 1) would bring 4.1940 (high Mar.21) and then the psychological level at 4.2000.

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