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CEEMEA FX Price Signal Summary - EUR Is Firmer Against PLN And HUF

EMERGING MARKETS
  • A bullish outlook in EURHUF remains intact. Price has recently breached resistance at 405.03, the Sep 5 high and the break has strengthened a bullish case. The cross is above 410.00 and opens the bull trigger at 416.89, Jul 6 high. The 50-day EMA, at 402.05, is first support.
  • Recent EURPLN gains have strengthened a bullish case and the cross is firmer today. 4.7887/8088, the Aug 24 and Jul 27 highs, have been cleared. The break strengthens the case for bulls and exposes 4.8515, the Jul 12 high. On the downside, key short-term support is at 4.7192, Sep 23 low.

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