MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEEMEA FX Price Signal Summary - EURPLN Remains Vulnerable

EMERGING MARKETS
  • EURHUF trend conditions remain bearish. Moving average studies are in a bear-mode position and price maintains a sequence of lower lows and lower highs. The focus is on 377.15, the Feb 14 low. This level was pierced yesterday, a clear break of it would confirm a resumption of the downtrend and open 376.06, the 1.236 projection of the Oct 13 - Nov 10 - Dec 12 price swing. The 1.382 projection lies at 370.82. Initial resistance is at the 20-day EMA that intersects at 384.40.
  • EURPLN continues to trade at its recent lows. An extension of the current bear cycle would signal scope for a test of support at 4.6787, the Feb 2 low. Clearance of this level would strengthen a bearish argument. Initial resistance to watch is at 4.7654, the Feb 22 high. A break would signal a reversal to bullish and expose key resistance at 4.7987, the Feb 14 high.
EM BulletHomepagemarkets-real-timeCommoditiesBulletEmerging Market News
EM BulletHomepagemarkets-real-timeCommoditiesBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.