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CEEMEA FX Price Signal Summary - EURPLN Trend Needle Points North

EMERGING MARKETS
  • EURHUF remains above its recent lows. The outlook is bullish and support at the 50-day EMA, at 384.44, remains intact. Price has breached resistance at 391.64, the Aug 21 high. Attention is on 394.67, the Aug 3 high and a key resistance. A break would open $402.45, the Mar 20 high. On the downside, a move through the 50-day EMA would be a bearish development and instead expose 378.24.
  • EURPLN remains in a bull cycle and the recent pullback is considered corrective. 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 the current bullish theme and opens 4.7072, the 61.8% retracement point. Initial firm support is at 4.5963, the 20-day EMA. The 50-day EMA lies at 4.5451.
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