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CEEMEA FX Price Signal Summary - EURPLN Breaches Resistance

EMERGING MARKETS
  • EURHUF rallied last week and price is firmer once again today. Attention is on a key resistance at 398.85, the Jun 14 high. It has been pierced, a clear break would reinforce a bullish theme and signal scope for a climb towards 399.75, the Mar 12 high and a key medium-term resistance. Initial support lies at 392.85, the 50-day EMA.
  • EURPLN is trading higher today and this has resulted in a break of initial resistance at 4.3044, the Jul 25 high. The break undermines a recent bearish theme and signals scope for a climb towards 4.3321, the Jul 2 high and the next important resistance. Clearance of this level would strengthen the developing bullish theme. On the downside key support is at 4.2671, the Jul 26 low.

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