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CEEMEA FX Price Signal Summary - EURPLN Bear Trend Extends

EMERGING MARKETS
  • The EURHUF trend outlook remains bearish and attention is on the bear trigger at 369.47, the Apr 18 low. Clearance of this level would resume the primary downtrend and open 366.41, the Mar 30 2022 low. Key resistance is seen at 379.22, the 50-day EMA. A clear break of this average is required to signal a stronger reversal.
  • EURPLN remains in a downtrend and the cross has traded to a fresh cycle low today. This confirms a resumption of the downtrend and maintains the bearish sequence of lower lows and lower highs. The focus is on 4.5252, the Feb 23 2022 low. Initial firm resistance to watch is 4.6105, the 20-day EMA.

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