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EMERGING MARKETS: CEEMEA FX Price Signal Summary - EURHUF Trend Points North

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • A bull cycle in EURHUF remains intact and the cross is trading closer to its recent highs. The trend is overbought and a deeper retracement would allow this set-up to unwind. Initial support to watch is 406.28, the 20-day EMA. It has been pierced, a clear breach of the EMA would signal scope for a deeper retracement, potentially towards the 50-day EMA, at 402.44. Key resistance has been defined at 412.35, the Nov 6 high. Clearance of this level would confirm a resumption of the uptrend and open 415.92, the Dec 13 2022 high.
  • The latest steep pullback in EURPLN appears corrective. However, the 50-day EMA at 4.3186 today, has again been pierced. A clear break of this average would signal scope for a deeper retracement, towards 4.2867, the Oct 14 low. A reversal higher would reinforce the bull theme and refocus attention on key short-term resistance at 4.3758, the Nov 6 high. Clearance of this level would expose 4.3826, the Jun 14 high and a key medium-term resistance.
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  • A bull cycle in EURHUF remains intact and the cross is trading closer to its recent highs. The trend is overbought and a deeper retracement would allow this set-up to unwind. Initial support to watch is 406.28, the 20-day EMA. It has been pierced, a clear breach of the EMA would signal scope for a deeper retracement, potentially towards the 50-day EMA, at 402.44. Key resistance has been defined at 412.35, the Nov 6 high. Clearance of this level would confirm a resumption of the uptrend and open 415.92, the Dec 13 2022 high.
  • The latest steep pullback in EURPLN appears corrective. However, the 50-day EMA at 4.3186 today, has again been pierced. A clear break of this average would signal scope for a deeper retracement, towards 4.2867, the Oct 14 low. A reversal higher would reinforce the bull theme and refocus attention on key short-term resistance at 4.3758, the Nov 6 high. Clearance of this level would expose 4.3826, the Jun 14 high and a key medium-term resistance.