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CEEMEA FX Price Signal Summary: EURHUF Finds Support Ahead Of Its 50-Day EMA

EMERGING MARKETS
  • EURHUF remains at the lower end of its recent range but is finding support ahead of the 50-day EMA that intersects at 358.09. An ability to remain above the average would signal base building and the possible end of its recent corrective pullback. A strong break lower would expose 355.15, Oct 4 low.
  • EURPLN bulls remain in charge despite the recent move lower. Scope is seen for a climb towards 4.6480, Sep 30 high where a break would strengthen a bullish case and expose 4.6800, Mar 29 high. Weakness below 4.5392, Oct 7 low would alter the picture.
  • USDZAR maintains a bullish tone despite pulling back from recent highs. The pair has recently cleared 15.2524, Sep 30 high and 15.3948, Aug 20 high a key resistance. The break strengthens a bullish condition and opens 15.5726 next, the Mar 8 high. The 20-day EMA at 15.0006 marks initial support.
  • The USDTRY is recovering and the outlook remains bullish. The focus is on 9.8797, 3.00 projection of the Sep 22 - 29 - Oct 1 price swing ahead of the 10.00 psychological handle. Key support is unchanged at 9.2050, Oct 20 low. Initial support is at 9.4157, Oct 26 low.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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