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CEE: FX Price Signal Summary

CEE
  • EURHUF is trading close to its recent highs. The recent rally has reinforced a bullish theme and resulted in a break of a number of important resistance points. 395.73, 76.4% of the Mar 12 - May 28 bear leg, has been cleared. This signals scope for an extension towards 399.75, the Mar 12 high and a key resistance. Initial firm support is seen at 392.63, the 20-day EMA.
  • EURPLN has traded lower this week and remains softer for now. The move down still appears to be a correction. Supports to watch are 4.3160, the 20-day EMA, and 4.3058, the 50-day EMA. A clear break of the latter would undermine the bullish theme. For bulls, a reversal higher would refocus attention on 4.3826, the Jun 14 high.
  • EURCZK broke through key resistance at the 200-DMA earlier this week, approaching the 50-DMA before losing steam. The Jun 7 low of 24.537 and Jan 8 low of 24.458 mark support levels to watch, while a clear break of the 50-DMA at 24.894 could signal scope for an extension higher towards the 100-DMA at 25.093.

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