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CEEMEA FX Price Signal Summary: EURPLN Finds Support At Yesterday's Low

EMERGING MARKETS
  • The recent EURHUF pullback is considered corrective. The cross 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 354.97, the 20-day EMA.
  • EURPLN found resistance last week at 4.6480, Sep 30 high and this marked the start of a corrective pullback. The cross found support though at yesterday's low of 4.5620 and this level marks a key short-term pivot point. The trend condition remains bullish and a resumption of gains would open 4.6480 that is also a bull trigger. A break below 4.5620 would instead expose 4.5346, Sep 13 low.
  • USDZAR maintains a bullish tone following last 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 14.6762, the 50-day EMA. Dips are considered corrective.
  • USDTRY is consolidating. The uptrend remains intact following the recent break of key resistance at 8.8008, Jun 2 high. This confirmed a range breakout and a resumption of the long-term uptrend. The move opens 9.0090 next, 1.236 projection of the Sep 10 - 20 - 22 price swing. Firm support is 8.8008.
  • USDRUB remains above 72.2462, Sep 15 low. A break of this support would resume bearish pressure and open 72.0405, Jun 25 low ahead of key support at 71.5542, the 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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