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CEEMEA FX Price Signal Summary - EURPLN Trend Structure Remains Bearish

EMERGING MARKETS
  • Trend conditions in EURHUF remain bullish, however, a corrective cycle is in play and the cross is trading lower today. Support around the 20-day EMA has been breached and the subsequent extension has resulted in a test of the the 50-day EMA, at 391.45. A clear break of the 50-day average is required to signal scope for a deeper retracement and this would open 390.00. A reversal higher would refocus attention on the key resistance and bull trigger at 399.75, the Mar 12 high. Initial resistance is at 395.77, the Apr 2 high.
  • Trend conditions in EURPLN are unchanged and the outlook remains bearish. The cross on Mar 11, cleared key support and the bear trigger at 4.2935, the Dec 13 low. This confirmed a resumption of the downtrend that started in September last year and opens 4.2371, the Feb 14 2020 low. Initial firm resistance is seen at 4.3187, the 50-day EMA. A clear break of this average would signal scope for a stronger correction and open 4.3564, the Feb 7 high.
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  • Trend conditions in EURHUF remain bullish, however, a corrective cycle is in play and the cross is trading lower today. Support around the 20-day EMA has been breached and the subsequent extension has resulted in a test of the the 50-day EMA, at 391.45. A clear break of the 50-day average is required to signal scope for a deeper retracement and this would open 390.00. A reversal higher would refocus attention on the key resistance and bull trigger at 399.75, the Mar 12 high. Initial resistance is at 395.77, the Apr 2 high.
  • Trend conditions in EURPLN are unchanged and the outlook remains bearish. The cross on Mar 11, cleared key support and the bear trigger at 4.2935, the Dec 13 low. This confirmed a resumption of the downtrend that started in September last year and opens 4.2371, the Feb 14 2020 low. Initial firm resistance is seen at 4.3187, the 50-day EMA. A clear break of this average would signal scope for a stronger correction and open 4.3564, the Feb 7 high.