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CEEMEA FX Price Signal Summary - EURHUF Resumes Its Uptrend

EMERGING MARKETS
  • EURHUF bullish conditions remain intact and today’s gains reinforce this theme. The cross has traded through last week’s peak and delivered a fresh trend high, maintaining the bullish price sequence of higher highs and higher lows. The move higher signals scope for an extension towards the 400.00 handle and major resistance at 402.45, the Mar 20 high. Initial firm support lies at 391.60, the 20-day EMA.
  • Trend conditions in EURPLN are unchanged, they remain bearish and yesterday’s sell-off has reinforced this set-up. The cross has cleared key support and the bear trigger at 4.2935, the Dec 13 low. This confirms a resumption of the downtrend that started in September last year and opens 4.2371, the Feb 14 2020 low. Initial firm resistance has been defined at 4.3339, the 50-day EMA.

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