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CEEMEA FX Price Signal Summary - EURHUF Bear Leg Extends

EMERGING MARKETS
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • EURHUF bearish conditions remain intact. The cross traded lower Friday to confirm a resumption of the current downtrend. The move down signals scope for an extension towards 382.34, the Feb 1 low, ahead of the 380.00 handle. Note that moving average studies have recently crossed into bear-mode position, highlighting a downtrend. Initial firm resistance is at 389.49, the 50-day EMA.
  • EURPLN is trading closer to its recent lows and a bear cycle that started Apr 16, remains in play. The May 20 move lower resulted in a print below key support at 4.2527, the Apr 9 low. A clear 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 4.2964, the 50-day EMA.
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  • EURHUF bearish conditions remain intact. The cross traded lower Friday to confirm a resumption of the current downtrend. The move down signals scope for an extension towards 382.34, the Feb 1 low, ahead of the 380.00 handle. Note that moving average studies have recently crossed into bear-mode position, highlighting a downtrend. Initial firm resistance is at 389.49, the 50-day EMA.
  • EURPLN is trading closer to its recent lows and a bear cycle that started Apr 16, remains in play. The May 20 move lower resulted in a print below key support at 4.2527, the Apr 9 low. A clear 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 4.2964, the 50-day EMA.