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CEEMEA FX Price Signal Summary - EURHUF Reversal Exposes The 50-Day EMA

EMERGING MARKETS
  • EURHUF has reversed sharply from yesterday’s all-time high of 434.22. The sell-off has resulted in a break of the 20-day EMA, at 418.65. This strengthens the bearish significance of the move lower and exposes the 50-day EMA at 410.44. This average represents the next key support. Yesterday’s high marks key resistance.
  • EURPLN maintains a bullish tone and the latest pullback is 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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