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CEEMEA FX Price Signal Summary: EURHUF Trend Conditions Remain Bullish

EMERGING MARKETS
  • EURHUF trend conditions remain bullish and the cross has recovered from yesterday’s low of 393.89, just below the 20-day EMA. Trend signals such as moving average studies remain in a bull mode and attention is on resistance at 402.91, the Jun 13 high. A break would confirm a resumption of the uptrend and open 403.66, 0.764 projection of the Jan 13 - Mar 7 - 30 price swing. Moving average studies remain in a bull mode, highlighting current trend conditions. On the downside, a break of 387.15, the Jun 6 low is required to signal a potential top. Initial support is at 393.89, yesterday’s low.
  • EURPLN recovered from its low of 4.6262 on Tuesday. Price remains below key resistance at 4.7279, Apr 26 high and 4.7446, the Jun 16 high. A clear break of this resistance zone is required to strengthen bullish conditions and open 4.7867, the Mar 25 high. Weakness below 4.6262 would be a short-term bearish development and attention would turn to the 4.6000 level and the key short-term support at 4.5588, Apr 6 low.
  • USDZAR is consolidating. The pair recently found support at 15.1685 on Jun 9. The subsequent recovery highlights a reversal and attention is on 16.3237, the May 16 high and a bull trigger. Initial firm support is seen at 15.6553, the 50-day EMA. Key support has been defined at 15.1685.
  • USDTRY is trading closer to its recent highs and maintains a bullish tone. The focus is on a climb towards the 18.00 handle next ahead of last year's major high at 18.3633, on Dec 20. Firm support lies at 16.8844, the 20-day EMA.

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