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CEEMEA FX Price Signal Summary - EURPLN Remains Soft

EMERGING MARKETS
  • EURHUF trend conditions remain bearish and attention is on the bear trigger at 369.47, the Apr 18 low. Clearance of this level would resume the primary downtrend and open 366.41, the Mar 30 2022 low. Key resistance to watch is at 378.29, the 50-day EMA. A clear break of this average is required to signal a stronger reversal.
  • EURPLN remains soft following yesterday's sell-off and bearish extension. Fresh cycle lows reinforce the downtrend to maintain the price sequence of lower lows and lower highs. The focus is on the 4.50 handle and 4.4826, the Feb 16 2022 low. Initial firm resistance to watch is 4.5929, the 20-day EMA.

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