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​CEEMEA FX Price Signal Summary: USDTRY Holds Above Former Range Top

EMERGING MARKETS
  • EURHUF maintains a bullish tone with the focus on $362.46, Jul 26 high. A break would open 364.40, Apr 23 high. From a short-term perspective the current pullback is considered corrective. Initial support is at 354.84, the 20-day EMA.
  • EURPLN found resistance last week at 4.6480, Sep 30 high and remains offered. The cross has breached the 50-day EMA and this signals potential for a deeper pullback, possibly towards 4.5346, Sep 13 low. Key short-term resistance is at 4.6480 and marks the bull trigger.
  • USDZAR maintains a bullish tone following last week's gains. The pair has cleared 15.0807, 76.4% of the Aug 20 - Sep 10 downleg. This opens 15.3948 next, the Aug 20 high. Support is seen at 14.6612, the 50-day EMA.
  • The USDTRY uptrend remains intact. The pair recently cleared key resistance at 8.8008, Feb 2 high. This confirmed a range breakout and a resumption of the long-term uptrend. The break opens 9.0090 next, 1.236 projection of the Sep 10 - 20 - 22 price swing. Firm support is 8.8008, the Jun 2 high and recent range peak.
  • USDRUB remains above 72.2462, Sep 15 low. A break of this support would resume bearish pressure and open 72.0405, Jun 25 low ahead of key support at 71.5542, the Jun 11 low. Key near-term resistance is unchanged at 73.6208, Sep 20 high. A clear breach would open 74.5861, Aug 20 high.
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EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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