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CEEMEA FX Price Signal Summary - EURHUF Remains Vulnerable Following Last Week's Reversal

  • EURHUF reversed sharply late last week from the all-time high of 434.22 (Oct 13). The sell-off has resulted in a break of the 20-day EMA, at 418.57. This strengthens the bearish significance of the move lower and exposes the 50-day EMA at 410.72. This average represents the next key support. Last week’s high of 434.22 marks key resistance.
  • EURPLN maintains a bullish tone and the latest pullback is still considered corrective. The cross recently cleared resistance at 4.8515, the Jul 12 high. This confirmed a resumption of the uptrend that started late May and signals scope for 4.90 and 5.0019 further out, the Mar 7 high and a key resistance. The 20-day EMA has been breached, the next support to watch is 4.7903, the Oct 10 low.

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