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CEEMEA FX Price Signal Summary: EURPLN Finds Resistance

EMERGING MARKETS
  • EURHUF maintains a bullish tone with the focus on $362.46, Jul 26 high. A break would open 364.40, Apr 23 high. Initial support is at 356.44, the Sep 27 low.
  • EURPLN found resistance yesterday and remains offered. The cross has breached initial support at 4.5891, Sep 27 low signalling potential for a deeper pullback. The focus is on 4.5714, the 50-day EMA. A break would open 4.5346, Sep 13 low. Key short-term resistance is at 4.6480, Sep 30 high.
  • USDZAR maintains a bullish tone following this week's gains. The pair has cleared 15.0807, 76.4% of the Aug 20 - Sep 10 downleg. This opens 15.3948 next, the Aug 20 high. Support is seen at 14.6521, the 50-day EMA.
  • USDTRY remains firm and traded higher Wednesday. The pair recently cleared key resistance at 8.8008, Feb 2 high. This confirmed an important range breakout and also confirms a resumption of the long-term uptrend. The break opens 9.0090 next, 1.236 projection of the Sep 10 - 20 - 22 price swing. Firm support is 8.8008, the Jun 2 high and recent range peak.
  • USDRUB pair remains above 72.2462, Sep 15 low and is firmer today. A break of this support would resume bearish pressure and open 72.0405, Jun 25 low ahead of key support at 71.5542, Jun 11. low. Key near-term resistance is unchanged at 73.6208, Sep 20 high. A clear breach would open 74.5861, Aug 20 high.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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