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CEEMEA FX Price Signal Summary - EURHUF Bull Cycle Extends

EMERGING MARKETS
  • EURHUF has rallied this week, extending the recovery that started Jul 22. A continuation higher would pave the way for 398.85, the Jun 14 high and a key resistance. Clearance of this level would signal scope for a climb towards 399.75, the Mar 12 high and a key medium-term resistance. Initial support lies at 392.65, the 50-day EMA.
  • EURPLN traded sharply higher on Jul 16 and this was followed by a breach of the 20- and 50-day EMAs. For now, short-term gains appear to have been a correction. Key support and the bear trigger has been defined at 4.2471, the May 28 and Jul 15 low. A clear break of this level would resume the bear trend. For bulls, initial resistance is at 4.3044, the Jul 25 high. Key short-term resistance has been defined at 4.3321, the Jul 2 high.
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