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CEEMEA FX Price Signal Summary - EURHUF Resistance Remains Exposed

EMERGING MARKETS
  • EURHUF is trading closer to its recent highs and the short-term outlook is unchanged and remains bullish. Key support at the 50-day EMA - at 384.91 - remains intact. A continuation higher would open 390.49, the Jan 30 high. Clearance of this hurdle would expose 394.67, the Aug 3 ‘23 high. On the downside, a break of the 50-day EMA is required to reinstate a bearish theme. Initial support is at 386.16, the Feb 12 low.
  • EURPLN remains in consolidation mode. A bear threat is present and attention is on 4.2935, the Dec 13 low and key support. Clearance of this level would confirm a resumption of the downtrend that started in September last year. This would open 4.2371, the Feb 14 2020 low. Initial firm resistance has been defined at 4.3486, the 50-day EMA. The key reversal trigger is 4.4124, the Jan 17 high.
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