Free Trial
EURUSD TECHS

Shallow Correction

OPTIONS

Some Euribor Downside Ahead Of Next Week's ECB

OPTIONS

Larger FX Option Pipeline

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CEEMEA FX Price Signal Summary - EURPLN Remains Below Resistance

EMERGING MARKETS
  • EURHUF continues to trade above recent lows. The short-term outlook remains bearish following the recent break of support at 405.14, the Oct 21 low. Note that moving average studies appear to be establishing a bearish set-up - this reinforces the current outlook. The 400.00 handle has been pierced. A clear break of this level would open key support at 394.07, the Sep 8 low. Firm resistance has been defined at 416.03, the Oct 24 high. A break would suggest scope for a stronger recovery near-term instead.
  • EURPLN traded in a volatile manner yesterday. A bearish condition remains intact following the recent breach of the 50-day EMA and the break of trendline support drawn from the Jun 8 low. A resumption of weakness would expose 4.6528 next, the Aug 15 low. Initial firm resistance is seen at 4.7848, Wednesday’s intraday high.
139 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • EURHUF continues to trade above recent lows. The short-term outlook remains bearish following the recent break of support at 405.14, the Oct 21 low. Note that moving average studies appear to be establishing a bearish set-up - this reinforces the current outlook. The 400.00 handle has been pierced. A clear break of this level would open key support at 394.07, the Sep 8 low. Firm resistance has been defined at 416.03, the Oct 24 high. A break would suggest scope for a stronger recovery near-term instead.
  • EURPLN traded in a volatile manner yesterday. A bearish condition remains intact following the recent breach of the 50-day EMA and the break of trendline support drawn from the Jun 8 low. A resumption of weakness would expose 4.6528 next, the Aug 15 low. Initial firm resistance is seen at 4.7848, Wednesday’s intraday high.