MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEEMEA FX Price Signal Summary - EURPLN Bear Trend Extends

EMERGING MARKETS
  • EURHUF is consolidating in a tight range but continues to trade at its recent lows. The outlook is unchanged and the trend condition remains bearish. The cross traded to a fresh cycle low last week and has pierced 368.05, the May 16 low and bear trigger. A clear break would confirm a resumption of the downtrend and open 366.41, the Mar 30 2022 low and the 360.00 handle further out. Resistance at 373.88, the 50-day EMA, remains intact. A clear break of it would expose 380.29, the Apr 20 high and a key resistance.
  • EURPLN trend conditions remain bearish and the cross has again traded to a fresh cycle low. This once again confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. A continuation would open 4.4360, the Jun 7 2021 low, ahead of the 4.40 handle. Resistance at the 20-day EMA has recently been pierced. The 50-day EMA intersects at 4.5570. A break of this average would alter the picture.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.