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CEEMEA FX Price Signal Summary - EURPLN Bear Cycle Remains In Play

EMERGING MARKETS
  • EURHUF has reversed course and pulled back from Tuesday’s 390.49 high. For now, the pullback is considered corrective with key support at 382.30, the 50-day EMA. A clear break of this level would highlight a reversal and open 378.59, the Jan 16 low. On the upside, a break of 390.49 is required to reinstate the recent bullish theme. First resistance is at 386.69, the Jan 31 high.
  • EURPLN has traded lower this week. The latest sell-off signals the end of the correction between Dec 13 - Jan 17. A continuation lower would open 4.3161, the Dec 28 low, ahead of 4.2935, the Dec 13 low and key support. Initial firm resistance has been defined at 4.3933, the Jan 24 high.
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