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CEEMEA FX Price Signal Summary - EURPLN Key Support Remains Exposed

EMERGING MARKETS
  • EURHUF is unchanged and the cross maintains a softer tone with price remaining below both the 20- and 50-day EMAs. Note that 381.12, the Mar 13 low, has recently been cleared and this signals scope for weakness towards a key support at 372.38, the Mar 1 low. A break would open the 370.00 handle. Key resistance has been defined at 402.45, the Mar 20 high. This level is the bull trigger. Initial resistance is seen at 380.32, the 20-day EMA.
  • EURPLN remains in consolidation mode but is approaching key support at 4.6620, Mar 1 low. A break of this price point would resume the downtrend and open 4.6573, the Jan 4 low. Clearance of this level would strengthen a bearish argument and expose 4.6270, the Dec 26 low and the next key support. Initial firm resistance to watch is 4.7215, the Mar 20 high.

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