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CEEMEA FX Price Signal Summary - EURHUF Continues To Appreciate

EMERGING MARKETS
  • A bullish outlook in EURHUF remains intact and the cross continues to climb. Price recently cleared 416.89, the Jul 6 high. This confirmed a resumption of the primary uptrend and registered fresh all-time highs. The continued move higher maintains a positive price sequence of higher highs and higher lows. The focus is on 434.92 next, the 1.764 projection of the Aug 12 - 24 - Sep 9 price swing. The 20-day EMA, at 417.59 is support.
  • EURPLN is consolidating but maintains a bullish tone. The cross recently cleared resistance at 4.8515, Jul 12 high. This confirmed a resumption of the uptrend that started late May and signals scope for 4.90 and 5.0019 further out, the Mar 7 high and a key resistance. The 20-day EMA at 4.8101 is the first key support to watch. A pullback would be considered corrective.

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