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CEEMEA FX Price Signal Summary - EURHUF Resistance Remains Intact

EMERGING MARKETS
  • EURHUF has failed to hold on to its recent gains and the cross traded lower Friday. Attention is on 388.82, the Jul 22 bear cycle low. Clearance of this level would highlight a resumption of the downleg that started Jun 14, and open 386.53, 76.4% of the May 28 - Jun 14 rally. Initial firm short-term resistance has been defined at 394.69, the Jul 25 high. Clearance of this level would be a bullish development.
  • EURPLN traded sharply higher on Jul 16 and this was followed by a breach of the 20- and 50-day EMAs. For now, short-term gains appear to have been a correction. Key support and the bear trigger has been defined at 4.2471, the May 28 and Jul 15 low. A clear break of this level would resume the bear trend. For bulls, initial resistance is at 4.3044, the Jul 25 high. Key short-term resistance has been defined at 4.3321, the Jul 2 high.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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