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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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CEEMEA FX Price Signal Summary - EURHUF Corrective Bounce Extends
- EURHUF is trading higher again today, extending the corrective bounce from Tuesday’s low of 368.05. The cross has traded through the 50-day EMA and this exposes 380.29, the Apr 20 high and a key resistance. A clear break of this level would suggest scope for a stronger recovery. The primary trend direction remains down, a breach of 368.05 would confirm a resumption of the trend and open 366.41, the Mar 30 2022 low.
- A sharp recovery is EURPLN from Wednesday’s low of 4.4784, appears at this stage, to be a correction and the bounce is allowing an oversold trend condition to unwind. A resumption of weakness would open 4.4360, the Jun 7 2021 low. Initial firm resistance to watch is at 4.5594, the 20-day EMA.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.