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CEEMEA FX Price Signal Summary: Bulls Maintain Their Grip On EURHUF

EMERGING MARKETS
  • Another day, another high in EURHUF. The cross continues to rally and is approaching key resistance at $362.46, Jul 26 high. A break would open 364.40, Apr 23 high. Initial support is at 356.44, the Sep 27 low.
  • EURPLN is extending this week's rally. The cross has cleared resistance at 4.6341, Sep 22 high and short-term bullish conditions remain intact. Scope is seen for an extension towards 4.6800, Mar 29 high. Initial firm support is seen at 4.5891, Sep 27 low.
  • USDZAR maintains a bullish tone and continues to climb. The pair has this week resumed the rally from Sep 10 and cleared 15.0807, 76.4% of the Aug 20 - Sep 10 downleg. The break opens 15.3948 next, the Aug 20 high. Support is seen at 14.7485, the 50-day EMA.
  • USDTRY remains firm and traded higher yesterday. The pair recently cleared key resistance at 8.8008, Feb 2 high. This confirmed an important range breakout and also confirms a resumption of the long-term uptrend. The break opens 9.0090 next, 1.236 projection of the Sep 10 - 20 - 22 price swing. Firm support is 8.8008, the Jun 2 high and recent range peak.
  • USDRUB is consolidating. The pair remains above 72.2462, Sep 15 low. A break of this support would resume bearish pressure and open 72.0405, Jun 25 low ahead of key support at 71.5542, Jun 11.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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