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CEEMEA FX Price Signal Summary - EURHUF Key Support Remains Exposed

EMERGING MARKETS
  • EURHUF remains below 376.97, the Jun 15 high. The trend condition is bearish and recent short-term gains are considered corrective. The next key resistance is at 378.79, the May 19 high. On the downside, key support and the bear trigger is 367.59, the Jun 12 low. A clear break would resume the downtrend and open 366.41, the Mar 30 2022 low and the 360.00 handle further out.
  • EURPLN trend conditions remain bearish and the latest recovery is considered corrective. The cross traded lower last week and breached key short-term support at 4.4307, the Jun 12 low. This confirms once again a resumption of the downtrend, extending the bearish price sequence of lower lows and lower highs. A continuation would open the 4.40 handle next. The 50-day EMA intersects at 4.5133. A break of this average would alter the picture.
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