Free Trial

CEEMEA FX Price Signal Summary - EURHUF Trend Needle Still Points North

EMERGING MARKETS
  • A bullish outlook in EURHUF remains intact. Price has recently cleared a key resistance at 416.89, the Jul 6 high. The break confirms a resumption of the primary uptrend, taking price to fresh all-time highs. The focus is on 428.81 next, the 1.50 projection of the Aug 12 - 24 - Sep 9 price swing. The 20-day EMA, at 409.96 is support.
  • EURPLN traded higher last week and 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 at 4.7736 is the first key support. The latest pullback is considered corrective.

To read the full story

Close

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.