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

EMERGING MARKETS
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  • EURHUF has recovered from its recent low and the cross is firmer today as it starts the week on a bullish note. Price has pierced 397.66, the Sep 10 high and this paves the way for a climb towards 399.21, the Aug 5 high and the next key resistance. Initial support lies at 394.85, the 20-day EMA. Key support has been defined at 392.73, the Sep 23 low. 
  • A bearish theme in EURPLN remains intact and the latest recovery appears to be a correction - for now. Last week, key near-term support at 4.2614, the Aug 16 low, was cleared. The break of this level exposes 4.2471, the Jul 15 low and primary support. Clearance of this level would expose 4.2364, the 1.00 projection of the Jun 14 - 25 - Jul 2 price swing. On the upside, a breach of 4.3043, the Sep 12 high, would instead be bullish and this would open the 4.3200 handle and 4.3309, the Aug 9 high.
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  • EURHUF has recovered from its recent low and the cross is firmer today as it starts the week on a bullish note. Price has pierced 397.66, the Sep 10 high and this paves the way for a climb towards 399.21, the Aug 5 high and the next key resistance. Initial support lies at 394.85, the 20-day EMA. Key support has been defined at 392.73, the Sep 23 low. 
  • A bearish theme in EURPLN remains intact and the latest recovery appears to be a correction - for now. Last week, key near-term support at 4.2614, the Aug 16 low, was cleared. The break of this level exposes 4.2471, the Jul 15 low and primary support. Clearance of this level would expose 4.2364, the 1.00 projection of the Jun 14 - 25 - Jul 2 price swing. On the upside, a breach of 4.3043, the Sep 12 high, would instead be bullish and this would open the 4.3200 handle and 4.3309, the Aug 9 high.