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CEEMEA FX Price Signal Summary - EURPLN Key support Remains Exposed

EMERGING MARKETS
  • EURHUF reversed course last week and pulled back from 390.49, the Jan 30 high. For now, the pullback is considered corrective with key support at 382.39, the 50-day EMA. A clear break of this average would highlight a reversal and open 378.59, the Jan 16 low. On the upside, clearance of 390.49 is required to reinstate the recent bullish theme. First resistance is at 386.69, the Jan 31 high.
  • EURPLN traded lower last week. The latest sell-off signals the end of the correction between Dec 13 - Jan 17. A continuation lower would open 4.2935, the Dec 13 low and key support. Clearance of this level would confirm a resumption of the downtrend that started in September last year. This would open 4.2371, the Feb 14 2020 low. Initial firm resistance has been defined at 4.3646, the 50-day EMA.
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  • EURHUF reversed course last week and pulled back from 390.49, the Jan 30 high. For now, the pullback is considered corrective with key support at 382.39, the 50-day EMA. A clear break of this average would highlight a reversal and open 378.59, the Jan 16 low. On the upside, clearance of 390.49 is required to reinstate the recent bullish theme. First resistance is at 386.69, the Jan 31 high.
  • EURPLN traded lower last week. The latest sell-off signals the end of the correction between Dec 13 - Jan 17. A continuation lower would open 4.2935, the Dec 13 low and key support. Clearance of this level would confirm a resumption of the downtrend that started in September last year. This would open 4.2371, the Feb 14 2020 low. Initial firm resistance has been defined at 4.3646, the 50-day EMA.