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EMERGING MARKETS: CEEMEA FX Price Signal Summary -  EURPLN Support Still Exposed

EMERGING MARKETS
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  • EURHUF has pulled back from its recent highs and the cross traded lower Monday. The 50-day EMA, at 394.00, has been pierced and a continuation lower would expose key near-term support at 391.93, the Aug 21 low. Clearance of this level would reinstate a bearish threat and open 390.06, the Jul 26 low. On the upside, a reversal higher would refocus attention on key resistance at 399.21, the Aug 5 high.
  • EURPLN has not managed to hold on to its recent gains and the cross is trading lower today. Attention, once again, turns to key near-term support at 4.2614, the Aug 16 low. Clearance of this level would expose 4.2471, the Jul 15 low and primary support. On the upside, a break of 4.3043, the Sep 12 high, would be bullish and this would open the 4.3200 handle and 4.3309, the Aug 9 high.
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  • EURHUF has pulled back from its recent highs and the cross traded lower Monday. The 50-day EMA, at 394.00, has been pierced and a continuation lower would expose key near-term support at 391.93, the Aug 21 low. Clearance of this level would reinstate a bearish threat and open 390.06, the Jul 26 low. On the upside, a reversal higher would refocus attention on key resistance at 399.21, the Aug 5 high.
  • EURPLN has not managed to hold on to its recent gains and the cross is trading lower today. Attention, once again, turns to key near-term support at 4.2614, the Aug 16 low. Clearance of this level would expose 4.2471, the Jul 15 low and primary support. On the upside, a break of 4.3043, the Sep 12 high, would be bullish and this would open the 4.3200 handle and 4.3309, the Aug 9 high.