EUR/PLN

Logo Forex Broker Trust Score Min. Depo Max. Leverage Spread
RoboForex 99 $10 1:2000
Exness 98 $1 1:2000
XM 97 $5 1:888
Deriv 96 $5 1:150
FXOpen 96 $1 1:500
InstaForex 96 $1 1:1000
Evolve Markets 96 $1 1:1000
AvaTrade 96 $100 1:400
Dukascopy 96 $100 1:200
IQ Option 95 $1 1:500
SimpleFX 95 $1 1:500
ForexMart 95 $15 1:3000
OANDA 95 $1 1:50
Saxo Bank 95 $2000 1:200
City Index 95 $250 1:30
Interactive Brokers 95 $10000 1:100
XTB 95 $1 1:30
YCM-Invest 95 $200 1:200
Questrade FX 94 $1000 1:200
IG 94 $1 1:50
iFOREX (Vestle) 94 $100 1:30
FIBOGroup 93 $1 1:1000
FXDD 93 $250 1:30
ActivTrades 93 $10 1:400
DeltaStock 93 $100 1:200
Finq 92 $100 1:300
FXCL 92 $1 1:1000
Admirals 91 $100 1:500
Advanced Markets 91 $100 1:200
Royal 91 $50 1:30
AAFX Trading 90 $100 1:2000
AAAFx 90 $300 1:30
Markets.com 89 $100 1:300
HF Markets 89 $1 1:2000
Spread Co 89 $160 1:10
Profiforex 87 $1 1:500
IC Markets 86 $200 1:500
Axiory 86 $10 1:777
FXFlat 86 $500 1:400
easyMarkets 85 $25 1:2000
IFC Markets 85 $1 1:400
ThinkMarkets 83 $1 1:2000
GBE brokers 83 $500 1:30
Traders Trust 82 $50 1:3000
Swissquote 80 $1000 1:100
Hirose Financial UK 80 $1 1:30
TenkoFX 80 $10 1:500
TMS Brokers 80 $1000 1:30
Invast Financial Services 80 $100 1:400
Hantec Markets 80 $1000 1:30
Tickmill 79 $100 1:500
Key To Markets 78 $100 1:500
Forex.ee 78 $10 1:500
LCG 78 $10000 1:200
FXPRIMUS 76 $15 1:1000
ADSS 76 $200 1:500
Capital Index 76 $100 1:200
TrioMarkets 75 $100 1:30
FxGrow 75 $100 1:100
LMFX 75 $5 1:1000
Titan FX 74 $200 1:1000
VARIANSE 74 $500 1:30
CM Trading 74 $100 1:200
SuperForex 74 $1 1:1000
Gerchik & Co 74 $100 1:100
AAATrade 73 $1 1:200
OffersFX 73 $200 1:400
FX Giants 73 $100 1:30
JFD Brokers 72 $500 1:400
BDSwiss 71 $100 1:400
Land-FX 71 $300 1:500
CIBFX 71 $500 1:200
LQDFX 71 $20 1:1000
FP Markets 70 $100 1:500
Fortrade 70 $500 1:100
FXPIG 69 $200 1:500
TriumphFX 69 $100 1:500
Swiss Markets 69 $200 1:500
ATFX 68 $200 1:30
Capital Street FX 67 $100 1:3500
Equiti 67 $500 1:500
Coinexx 66 $7 1:500
Alpari 66 $1 1:1000
Plus500 64 $100 1:300
BMFN 64 $50 1:400
FBS 63 $5 1:3000
PaxForex 63 $10 1:500
IronFX 63 $100 1:30
JustMarkets 62 $1 1:3000
Capital.com 62 $20 1:30
EagleFX 60 $10 1:500
CryptoRocket 60 $10 1:500
LonghornFX 60 $10 1:500
FxPro 59 $100 1:50
CedarFX 59 $10 1:500
Fondex 58 $250 1:30
SquaredFinancial 57 $250 1:30
Blueberry Markets 57 $100 1:500
Olymp Trade 57 $2 1:500
TIOmarkets 57 $1 1:200
LegacyFx 57 $500 1:200
Just2Trade 56 $100 1:500
XBTFX 56 $10 1:500
Purple Trading 56 $100 1:30
AMP Global 56 $100 1:50
Juno Markets 54 $25 1:500
Fxview 54 $50 1:500
M4Markets 54 $5 1:1000
Skilling 54 $100 1:1000
Yadix 54 $100 1:500
NAGA 53 $250 1:500
Anzo Capital 53 $100 1:1000
Forex24 53 $2000 1:400
ForexTB 53 $250 1:30
FXGT 51 $5 1:500
Milton Prime 51 $300 1:500
HFTrading 51 $300 1:400
XtreamForex 51 $5 1:1000
Trading 212 50 $10 1:30
MarketsVox (ex-ForexVox) 50 $100 1:2000
AdroFx 50 $25 1:500
Fusion Markets 50 $1 1:500
LMAX Global 49 $10000 1:30
LiquidityX 48 $250 1:30
Evest 48 $250 1:400
Sage FX 47 $10 1:500
GANNMarkets 47 $100 1:400
Esperio 47 $1 1:1000
Trading.com 46 $5 1:30
Solid ECN 45 $1 1:1000
RockGlobal (ex-Rockfort Markets) 45 $200 1:500
FinPros 45 $100 1:500
Baxia Markets 45 $10 1:500
zForex 44 $10 1:1000
Strifor 44 $2000 1:500
Wonderinterest 44 $50000 1:30
Hankotrade 43 $10 1:500
Mitrade 43 $50 1:200
Golden Brokers 41 $100 1:100
FPG 40 $50 1:500
Gulf Brokers 40 $100 1:500
XB Prime 40 $10 1:500
Otet Markets 39 $100 1:3000
FXGlobe 38 $250 1:30
Doto 38 $1.5 1:500
FXTM 38 $10 1:2000
OnEquity 38 $25 1:500
Forex.com 35 $250 1:200

The EUR/PLN currency pair, which represents the Euro (EUR) against the Polish Zloty (PLN), is a significant and captivating asset in the Forex market. This pair is of interest to both beginners and experienced traders due to its unique characteristics and the economic dynamics of the Eurozone and Poland.

Historical Context

The history of the EUR/PLN currency pair dates back to the introduction of the Euro as a common currency in the European Union in 1999. Initially, Poland, being outside the Eurozone, used the Polish Zloty. It wasn’t until 2004 that Poland joined the EU, and discussions about adopting the Euro began.

Key events that have historically impacted the value of EUR/PLN include Poland’s accession to the EU, the global financial crisis of 2008, and geopolitical developments in Europe. These events have led to significant fluctuations in the pair’s exchange rate.

Economic Factors

Comparative Economies

To understand the EUR/PLN currency pair, it’s crucial to compare the economies of the Eurozone and Poland. The Eurozone is a major economic powerhouse with a diverse range of countries, including Germany and France, while Poland is one of the fastest-growing economies in Eastern Europe. Variations in GDP growth rates, interest rates, and employment data between these regions can impact the pair’s exchange rate.

Economic Indicators

Economic indicators like Gross Domestic Product (GDP), inflation rates, and employment data play a pivotal role in determining the value of EUR/PLN. Traders must closely monitor these factors as they can influence market sentiment and drive price movements.

Technical Analysis

Recent Trends and Patterns

Technical analysis of the EUR/PLN pair reveals various trends and patterns. Traders often observe moving averages, such as the 50-day and 200-day moving averages, to identify trends. Recent data might show a bullish trend, indicating a strengthening Euro against the Polish Zloty.

Support and Resistance Levels

Key support and resistance levels for EUR/PLN are crucial for traders. These levels help in identifying potential entry and exit points. A breakout above a resistance level or a bounce from a support level can be significant trading signals.

Fundamental Analysis

Impact of Geopolitical Events

Geopolitical events, such as Brexit and EU policy decisions, can have a profound impact on the EUR/PLN pair. For instance, Brexit negotiations led to uncertainty in the Eurozone, affecting the pair’s value. Traders should stay informed about such events to make informed trading decisions.

Economic Reports

Reports like the European Central Bank’s monetary policy statements and Poland’s economic reports can affect EUR/PLN. Monetary policy changes, interest rate decisions, and economic outlook reports are closely watched by traders.

Broker Analysis

Different Forex brokers offer trading for the EUR/PLN pair, but conditions can vary significantly. Traders should compare spreads, leverage, and other trading conditions to find the best fit for their strategy. Some brokers may offer unique features or services related to this pair, such as access to detailed economic data from both regions.

Trading Strategies

Traders can employ various strategies for the EUR/PLN pair, including trend-following, range-bound, and breakout strategies. Risk management techniques like setting stop-loss orders are essential to protect capital in this volatile market.

Conclusion

In conclusion, the EUR/PLN currency pair is a dynamic asset in the Forex market, offering both opportunities and challenges. Traders should stay informed about economic factors, technical analysis, and geopolitical events to navigate this pair successfully.

As traders say, “In Forex, expect the unexpected, but trade with a plan!” Remember that trading the EUR/PLN pair can be like dancing to a Polish polka – fast-paced and full of surprises. So, embrace the excitement and potential profits while managing your risks wisely. Happy trading!