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CEEMEA FX Price Signal Summary - EURHUF Rally Extends

EMERGING MARKETS
  • EURHUF is trading higher today as it extends the current bull cycle. The recent rally reinforces a bullish theme and has resulted in a break of a number of important resistance points. 395.73, 76.4% of the Mar 12 - May 28 bear leg, has been cleared today. This signals scope for an extension towards 399.75, the Mar 12 high and a key resistance. Key short-term support has been defined at 388.62, the Jun 7 low.
  • EURPLN has recently recovered from its latest lows and the cross has also traded higher this week. 4.3431, 76.4% of the Apr 16 - May 28 bear leg, has been breached. 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. Initial support lies at 4.2969, the 50-day EMA.
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  • EURHUF is trading higher today as it extends the current bull cycle. The recent rally reinforces a bullish theme and has resulted in a break of a number of important resistance points. 395.73, 76.4% of the Mar 12 - May 28 bear leg, has been cleared today. This signals scope for an extension towards 399.75, the Mar 12 high and a key resistance. Key short-term support has been defined at 388.62, the Jun 7 low.
  • EURPLN has recently recovered from its latest lows and the cross has also traded higher this week. 4.3431, 76.4% of the Apr 16 - May 28 bear leg, has been breached. 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. Initial support lies at 4.2969, the 50-day EMA.