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CEEMEA FX Price Signal Summary - EURPLN Bull Cycle Still In Play

EMERGING MARKETS
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • EURHUF maintains a firmer tone and the cross is trading closer to its recent highs, despite today's pullback. 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 393.39, the 50-day EMA.
  • EURPLN maintains a firmer tone. This week’s gains have 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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  • EURHUF maintains a firmer tone and the cross is trading closer to its recent highs, despite today's pullback. 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 393.39, the 50-day EMA.
  • EURPLN maintains a firmer tone. This week’s gains have 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.