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EMERGING MARKETS: CEEMEA FX Price Signal Summary -  EURPLN Rally Extends

EMERGING MARKETS
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  • EURHUF  is holding on to its recent gains and bulls remain in the driver’s seat. Last week’s gains resulted in a breach of 399.21, the Aug 5 high, and 399.75 the Mar 12 high. These two levels represented a key hurdle for bulls and the break confirms a resumption of the medium-term uptrend. With the 400.00 handle cleared, scope is seen for an extension towards 402.45 next, the Mar 20 high. Further out, sights are on 404.35, the Jan 3 high, and 408.77, the 61.8% retracement of the Oct 2022 - Jun 2023 bear leg. Initial firm support lies at 39683, the 20-day EMA.  
  • EURPLN is rallying again, today as the cross extends the bull cycle that started on Sep 25. The cross has cleared resistance at 4.3043, the Sep 12 high. The clear break is bullish and opens 4.3309, the Aug 9 high and the next key resistance. Clearance of this level would open 4.3460, the Jun 19 high. Initial firm support is at 4.2864, the 50-day EMA. First support is at the Sep 12 high of 4.3043.
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  • EURHUF  is holding on to its recent gains and bulls remain in the driver’s seat. Last week’s gains resulted in a breach of 399.21, the Aug 5 high, and 399.75 the Mar 12 high. These two levels represented a key hurdle for bulls and the break confirms a resumption of the medium-term uptrend. With the 400.00 handle cleared, scope is seen for an extension towards 402.45 next, the Mar 20 high. Further out, sights are on 404.35, the Jan 3 high, and 408.77, the 61.8% retracement of the Oct 2022 - Jun 2023 bear leg. Initial firm support lies at 39683, the 20-day EMA.  
  • EURPLN is rallying again, today as the cross extends the bull cycle that started on Sep 25. The cross has cleared resistance at 4.3043, the Sep 12 high. The clear break is bullish and opens 4.3309, the Aug 9 high and the next key resistance. Clearance of this level would open 4.3460, the Jun 19 high. Initial firm support is at 4.2864, the 50-day EMA. First support is at the Sep 12 high of 4.3043.