Free Trial

CEEMEA FX Price Signal Summary - EURPLN Bear Cycle Extends

  • EURHUF is in consolidation mode. The outlook remains bullish and the recent pullback is considered corrective. Support at the 50-day EMA, at 385.68, is intact - for now. A breach of the 50-day average would be a bearish development and expose 378.24, the Aug 30 low. For bulls, key resistance is at 394.67, the Aug 3 high. Clearance of this level would open $402.45, the Mar 20 high.
  • EURPLN has traded sharply lower today, starting the week on a bearish note and extending the current bear cycle. The break below the 4.5000 handle signals scope for an extension towards 4.4259, the Aug 11 low, ahead of 4.3986, the Jul 31 low and the next major support. Resistance is at 4.5553, the 50-day EMA.

To read the full story



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.