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EMERGING MARKETS: CEEMEA FX Price Signal Summary - EURPLN  Bear Trend Intact 

EMERGING MARKETS
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  • A clear bear cycle EURHUF remains intact. The latest move down maintains the bearish price sequence of lower lows and lower highs and signals scope for an extension towards the 395.00 handle. A break of 395.00 would open 392.73, the Sep 23 ‘24 low. Initial key resistance is at 404.03, the 50-day EMA. The 20-day EMA, an initial resistance, is at 401.02 (pierced).   
  • Despite recent gains, a downtrend in EURPLN remains intact. Fresh cycle lows in February confirmed a resumption of the bear trend and signals scope for an extension towards 4.1153, the 3.764 projection of the Nov 6 - 7 - 12 ‘24 price swing. A break of it would open 4.0995, the 4.00 projection. Resistance to watch is 4.2008, the 50-day EMA. It has been pierced this week but remains intact for now. A clear break of this average would highlight a possible reversal and instead expose 4.2379, the Feb 4 high.
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  • A clear bear cycle EURHUF remains intact. The latest move down maintains the bearish price sequence of lower lows and lower highs and signals scope for an extension towards the 395.00 handle. A break of 395.00 would open 392.73, the Sep 23 ‘24 low. Initial key resistance is at 404.03, the 50-day EMA. The 20-day EMA, an initial resistance, is at 401.02 (pierced).   
  • Despite recent gains, a downtrend in EURPLN remains intact. Fresh cycle lows in February confirmed a resumption of the bear trend and signals scope for an extension towards 4.1153, the 3.764 projection of the Nov 6 - 7 - 12 ‘24 price swing. A break of it would open 4.0995, the 4.00 projection. Resistance to watch is 4.2008, the 50-day EMA. It has been pierced this week but remains intact for now. A clear break of this average would highlight a possible reversal and instead expose 4.2379, the Feb 4 high.