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Free AccessCEEMEA FX Price Signal Summary: EURHUF Trend Conditions Remain Bullish
- 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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.