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CEEMEA FX Price Signal Summary - EURHUF Trades Through Key Support

EMERGING MARKETS
  • EURHUF remains in a downtrend and the cross has traded lower today, breaching support at 378.24, the Aug 30 low. A clear break of this level would strengthen a bearish theme and open 373.98, the 76.4% retracement of the Jun 12 - Aug 3 bull leg. Firm resistance has been defined at 386.29, the Oct 25 high.
  • EURPLN remains vulnerable following the Sep 12 - Oct 17 sharp sell-off and recent short-term gains are considered corrective. A move higher would allow an oversold condition to unwind. The recent break of 4.5000 signals scope for an extension towards 4.3986, the Jul 31 low and the next major support. A break of this level would open 4.3711, the Jun 3 2020 low. Resistance is at 4.5009, the 50-day EMA.

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