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CEEMEA FX Price Signal Summary - EURHUF Bear Cycle Extends

EMERGING MARKETS
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • EURHUF traded lower yesterday, extending the current bearish cycle. The recent breach of support at 388.34, the Apr 5 low, strengthened the bearish theme and note too that moving average studies have crossed into bear-mode position, highlighting a downtrend. The focus is on 385.00, where a break would open 382.34, the Feb 1 low. Initial resistance is at 389.85, the 20-day EMA.
  • EURPLN continues to trade lower, extending the bear cycle that started Apr 16. The continuation lower exposes key support at 4.2527, the Apr 9 low. A break of this level would confirm a resumption of the medium-term bear trend and open 4.2131, the 1.00 projection of the Jan 17 - Apr 9 - Apr 16 price swing. Firm resistance is at 4.3103, the 50-day EMA.
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  • EURHUF traded lower yesterday, extending the current bearish cycle. The recent breach of support at 388.34, the Apr 5 low, strengthened the bearish theme and note too that moving average studies have crossed into bear-mode position, highlighting a downtrend. The focus is on 385.00, where a break would open 382.34, the Feb 1 low. Initial resistance is at 389.85, the 20-day EMA.
  • EURPLN continues to trade lower, extending the bear cycle that started Apr 16. The continuation lower exposes key support at 4.2527, the Apr 9 low. A break of this level would confirm a resumption of the medium-term bear trend and open 4.2131, the 1.00 projection of the Jan 17 - Apr 9 - Apr 16 price swing. Firm resistance is at 4.3103, the 50-day EMA.