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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.
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Free AccessCEEMEA FX Price Signal Summary - EURPLN Broader Trend Condition Remains Bearish
- EURHUF continues to trade closer to its recent lows. The latest move lower cancels a recent bullish theme and instead highlights potential for a deeper sell-off near-term. The breach of support at 378.22, the Dec 14 low has exposed key support at 375.62, the Nov 14 low. Initial resistance is at 381.04, the 50-day EMA.
- EURPLN is consolidating. A downtrend remains intact and the recent recovery is considered corrective. The cross traded to a fresh trend low on Dec 13, confirming a resumption of the downtrend. This opens 4.2870, the Mar 4 2020 low. Clearance of this level would expose 4.2650, the Feb 19 2020 low. Resistance at the 50-day EMA, at 4.3697, remains intact. A clear break of the average is required to instead signal scope for a stronger bull cycle. Resistance above the 50-day EMA is at 4.4096, the Oct 17 low.
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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.