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EMERGING MARKETS: CEEMEA FX Price Signal Summary - EURHUF Approaches Support 

EMERGING MARKETS
  • EURHUF is trading lower but for now, remains above its Aug 21 low. For bears, a move below 391.93, the Aug 21 low, is required to reinstate a bearish threat. This would open 390.06 next, the Jul 26 low. Initial resistance to watch is 396.06, the Aug 16 high. Clearance of this level would instead signal a bullish reversal and expose the more important resistance at 399.21, the Aug 5 high.
  • EURPLN traded higher Wednesday and this resulted in a break of resistance at 4.2908, the Aug 21 high, and a move through the 50-day EMA. The cross has not managed to hold on to its gains and is trading lower once again, today. Initial key support has been defined at 4.2614, the Aug 16 low. Clearance of this level would expose 4.2471, the Jul 15 low. A reversal higher and a break of resistance at 4.3039, the Aug 28 high, would reinstate a bullish theme.
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