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CEEMEA FX Price Signal Summary - EURPLN Trend Needle Points South

EMERGING MARKETS
  • The EURHUF outlook is unchanged and the trend condition remains bearish. Resistance at the 50-day EMA, at 375.00, is intact. A clear break of it would expose 380.29, the Apr 20 high and a key resistance. The primary trend direction remains down, clearance of 368.05, May 16 low and the bear trigger, would confirm a resumption of the trend and open 366.41, the Mar 30 2022 low.
  • EURPLN trend conditions remain bearish and recent gains are considered corrective. The cross traded to a fresh cycle low of 4.4767 on May 24. This confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. A continuation would open 4.4360, the Jun 7 2021 low. Resistance at the 20-day EMA has been pierced. The 50-day EMA intersects at 4.5763. A break of the 50-day average would alter the picture.

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