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CEEMEA FX Price Signal Summary - EURPLN Sell-Off Extends

  • EURHUF is trading lower today and the cross has breached support at the 50-day EMA, which intersects at 385.71. A clear break of the average would be a bearish development and expose 382.63, the Sep 15 low and potentially 378.24, the Aug 30 low. For now, the move lower is considered corrective. Key resistance is at 394.67, the Aug 3 high. Clearance of this level would resume the uptrend and open $402.45, the Mar 20 high.
  • EURPLN traded sharply lower yesterday and remains soft today, having started the week on a bearish note as it extends the current bear cycle. The break below the 4.5000 handle signals scope for an extension towards 4.4259, the Aug 11 low, ahead of 4.3986, the Jul 31 low and the next major support. Resistance is at 4.5512, the 50-day EMA.

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