MNI BRIEF:Carney-Limit To Dollar-For-Dollar Tariff Retaliation

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

MNI BRIEF: German Economy "Treading Water", Prices Stable -Ifo

MNI WATCH: BCB To Hike 100BP As Signaled, Eyes On May Guidance

MNI BRIEF: China To Release Childcare Subsidies, Boost Income

MNI BRIEF: PBOC Mulls New Tools Targeting Consumption

EZ/UK Bond Supply Calendar: UK, Finland Due Tuesday

EZ/UK T-Bill Calendar: 6-Month ESM-Bill Auction on Tuesday

MNI: US JAN BUSINESS INVENTORIES +0.3%; SALES -0.8%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EMERGING MARKETS: CEEMEA FX Price Signal Summary - EURPLN Bear Leg Extends

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • A bear cycle in EURHUF remains in play and the contract has traded lower once again, this week. The cross has cleared support at  403.86, the Nov 7 ‘24 low, reinforcing a bearish theme. Note too that moving average studies have crossed to highlight a dominant downtrend. This opens the 400.00 handle, and 398.31, the Oct 9 ‘24 low. Initial key resistance is at 408.72, the 50-day EMA.   
  • A downtrend in EURPLN remains intact and the cross has again traded to a fresh cycle low, today. This confirms a resumption of the downtrend. Sights are on 4.1506, the 3.236 projection of the Nov 6 - 7 - 12 ‘24 price swing. A break of it would open 4.1408, the 3.382 projection. On the upside, resistance to watch is 4.2405, the 50-day EMA. A clear break of this average would highlight a possible reversal and expose 4.2838, the Jan 9 high. The 20-day EMA, an initial resistance, is at 4.2090.
159 words

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.
  • A bear cycle in EURHUF remains in play and the contract has traded lower once again, this week. The cross has cleared support at  403.86, the Nov 7 ‘24 low, reinforcing a bearish theme. Note too that moving average studies have crossed to highlight a dominant downtrend. This opens the 400.00 handle, and 398.31, the Oct 9 ‘24 low. Initial key resistance is at 408.72, the 50-day EMA.   
  • A downtrend in EURPLN remains intact and the cross has again traded to a fresh cycle low, today. This confirms a resumption of the downtrend. Sights are on 4.1506, the 3.236 projection of the Nov 6 - 7 - 12 ‘24 price swing. A break of it would open 4.1408, the 3.382 projection. On the upside, resistance to watch is 4.2405, the 50-day EMA. A clear break of this average would highlight a possible reversal and expose 4.2838, the Jan 9 high. The 20-day EMA, an initial resistance, is at 4.2090.