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CEEMEA FX Price Signal Summary - EURHUF Heads South

EMERGING MARKETS
  • EURHUF trend conditions remain bearish and the cross is trading lower today as it extends the current downtrend. Moving average studies are in a bear-mode position and the break lower maintains the sequence of lower lows and lower highs. The focus is on 370.82, the 1.382 projection of the Oct 13 - Nov 10 - Dec 12 price swing. Initial resistance is at the 20-day EMA that intersects at 383.83.
  • EURPLN continues to trade lower and the cross has cleared the 4.7000 handle. An extension of the current bear cycle signals scope for a test of support at 4.6787, the Feb 2 low. Clearance of this level would strengthen a bearish argument and open 4.6573, the Jan 4 low. Initial resistance to watch is at 4.7654, the Feb 22 high. A break would signal a reversal to bullish and expose key resistance at 4.7987, the Feb 14 high.

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