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CEEMEA FX Price Signal Summary - EURHUF Rally Extends

EMERGING MARKETS
  • EURHUF has started the week on a bullish note and the cross has rallied, clearing last week’s highs. The move reinforces a bullish theme and also confirms a clear break of an important hurdle at 391.00, trendline resistance drawn from the Mar 12 high. This signals scope for an extension towards 395.73, 76.4% of the Mar 12 - May 28 bear leg. A breach of this level would open 398.05, the Mar 22 high. Key short-term support has been defined at 388.62.
  • EURPLN has recently recovered from its latest lows and the cross is also trading higher this week. 4.3431, 76.4% of the Apr 16 - May 28 bear leg, has been cleared. The continuation higher paves the way for a climb towards 4.3728, the Apr 16 high. To reinstate a recent bearish theme, the cross needs to trade through support at 4.2727, the Jun 6 low.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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