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CEEMEA Price Signal Summary

CEE FX
  • EURPLN remains in a consolidation mode. Downside attention is on 4.2935, the Dec 13 low and key support. Clearance of this level would confirm a resumption of the downtrend that started in September last year. Initial firm resistance has been defined at 4.3503, the 50-day EMA.
  • A familiar technical picture remains in play for EURHUF. Resistance is found at 390.49, the Jan 30 high, a clearance of which could signal scope for an extension higher toward 394.67, the Aug 03 2023 high. On the downside, a break of the 50-day EMA at 384.74 is required to instead reinstate a bearish theme.
  • EURCZK remains relatively close to its recent 2-year highs at 25.519. However, the 14-day RSI of EURCZK no longer operates above the ‘overbought’ 70-threshold and should selling pressure intensify, bears could eventually challenge initial support which is found at 24.867, the Jan 2 high.

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