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CEEMEA FX Price Signal Summary - EURHUF Support At The 50-Day EMA Remains Intact

EMERGING MARKETS
  • Key support in EURHUF at the 50-day EMA - at 383.43 - remains intact. The average provided strong support recently and the cross has recovered from its early February lows. 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.
  • A bear threat in EURPLN remains present. 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 4.3577, the 50-day EMA.
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