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CEEMEA FX Price Signal Summary - EURPLN Support Remains Intact

EMERGING MARKETS
  • Despite the latest pullback, the outlook in EURHUF remains bullish and support at the 50-day EMA, at 385.00, is intact - for now. A breach of the 50-day average would be a bearish development and expose 378.24, the Aug 30 low. For bulls, key resistance is at 394.67, the Aug 3 high and a key resistance. A break would open $402.45, the Mar 20 high.
  • EURPLN continues to trade below its September high. The recent pullback appears to be a correction. Moving average studies are in a bull-mode position and this highlights an uptrend. The cross has recently breached 4.4683, the 50.0% retracement of the Sep 2022 - Jul bear leg. The break strengthens a bullish theme and opens 4.7072, the 61.8% retracement point. Initial firm support is at 4.6037, the 20-day EMA. The 50-day EMA lies at 4.5541.
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