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CEEMEA FX Price Signal Summary - EURHUF Cracks Key Support

EMERGING MARKETS
  • EURHUF maintains a softer tone and the cross is trading lower today. Price is through support at 372.38, the Mr 1 low and bear trigger. The break confirms a resumption of the downtrend that started on Oct 13 2022. This signals scope for weakness towards 370.00 handle and 369.49, the Apr 25 2022 low. Resistance is at 378.64, the 20-day EMA.
  • EURPLN remains in a downtrend and last week’s break lower confirmed a resumption of this trend. Support at 4.6620, the Mar 1 low, has been cleared and this break ends a lengthy period of consolidation that opened 4.6270, the Dec 26 low. This level has been pierced today. A clear breach of this level would open the 4.60 handle. Initial firm resistance to watch is 4.6740, the 20-day EMA.

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