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CEEMEA FX Price Signal Summary - EURPLN Key Support Remains Exposed

EMERGING MARKETS
  • EURHUF bullish conditions remain intact and the pullback from Wednesday’s high appears to have been a correction. A deeper retracement would allow a short-term overbought condition to unwind. Support to watch lies at 390.49, the Jan 30 high and a recent breakout level. For bulls, the breach of resistance at 394.67, the Aug 3 ‘23 high, strengthens a bullish theme and signals scope for a climb towards the 400.00 handle.
  • Trend conditions in EURPLN are unchanged. A bear threat remains present and sights are on 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 4.3375, the 50-day EMA. The key reversal trigger is 4.4124, the Jan 17 high.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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