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CEEMEA FX Price Signal Summary - EURPLN Bear Leg Extends

EMERGING MARKETS
  • Trend conditions in EURHUF remain bullish and recent gains have reinforced the positive theme. The cross has breached resistance at 381.95, the Jul 20 high. This confirms a resumption of the bull cycle that started on Jul 17. A continuation higher would signal scope for a test of key resistance at 389.26, the Jul 7 high. On the downside, weakness through 371.74, the Jul 17 low, would instead expose key support at 367.59, the Jun 12 low. Initial support lies at 376.13, the 50-day EMA.
  • EURPLN trend conditions remain bearish and the cross has traded lower again today. The bear trigger lies at 4.4138, the Jul 4 low. It has been breached, The 4.40 handle has also been tested and this opens 4.3822, the Aug 28 2020 low. The 50-day EMA, at 4.4725, is the resistance to watch.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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