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EMERGING MARKETS: CEEMEA FX Price Signal Summary - EURHUF Bounce Extends  

EMERGING MARKETS
  • EURHUF extends the recovery from the Aug 21 low and attention is on initial resistance at 396.06, the Aug 16 high. Clearance of this level would signal a bullish reversal and expose the more important resistance at 399.21, the Aug 5 high. For bears, a break of 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 is at.
  • EURPLN traded sharply lower on Aug 16. The latest move down undermines a recent bullish theme and the breach of a number of short-term support points, suggests scope for an extension lower near-term. Sights are on the 4.2471 key support, the Jul 15 low. The near-term bear trigger is 4.2614, the Aug 16 low. Initial resistance to watch is 4.2915, the 50-day EMA. A break would signal a potential reversal and expose 4.3309, the Aug 9 high.
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