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CEEMEA FX Price Signal Summary - EURHUF Trend Outlook Remains Bearish

EMERGING MARKETS
  • The EURHUF outlook is unchanged and the trend condition remains bearish. The cross traded to a fresh cycle low on Tuesday. A clear break of 368.05, the May 16 low and the bear trigger, would confirm a resumption of the trend and open 366.41, the Mar 30 2022 low and the 360.00 handle further out. Resistance at 374.32, the 50-day EMA, remains intact. A clear break of it would expose 380.29, the Apr 20 high and a key resistance.
  • EURPLN trend conditions remain bearish and the cross has traded to a fresh cycle low of 4.4695 this week. This once again confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. A continuation would open 4.4360, the Jun 7 2021 low. Resistance at the 20-day EMA has recently been pierced. The 50-day EMA intersects at 4.5654. A break of this average would alter the picture.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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