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EMERGING MARKETS: CEEMEA FX Price Signal Summary -  EURPLN Tests Resistance

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • EURHUF traded sharply higher Monday and in the process, cleared resistance at 396.06, the Aug 16 high. A bullish theme remains intact. The break of this level highlights signals scope for a stronger recovery towards the more important resistance at 399.21, the Aug 5 high. Support to watch is the Aug 21 low of 391.93. Clearance of this level would reinstate a bearish threat and open 390.06, Jul 26 low. Initial support lies at 393.90, the 50-day EMA.
  • EURPLN is trading higher today and this has resulted in a brief print above resistance at 4.3039, the Aug 28 high. A clear break of this hurdle would reinstate a bullish theme and signal scope for a climb towards the 4.3200 handle and 4.3309, the Aug 9 high. Support to watch lies at 4.2614, the Aug 16 low. Clearance of this level would expose 4.2471, the Jul 15 low.
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  • EURHUF traded sharply higher Monday and in the process, cleared resistance at 396.06, the Aug 16 high. A bullish theme remains intact. The break of this level highlights signals scope for a stronger recovery towards the more important resistance at 399.21, the Aug 5 high. Support to watch is the Aug 21 low of 391.93. Clearance of this level would reinstate a bearish threat and open 390.06, Jul 26 low. Initial support lies at 393.90, the 50-day EMA.
  • EURPLN is trading higher today and this has resulted in a brief print above resistance at 4.3039, the Aug 28 high. A clear break of this hurdle would reinstate a bullish theme and signal scope for a climb towards the 4.3200 handle and 4.3309, the Aug 9 high. Support to watch lies at 4.2614, the Aug 16 low. Clearance of this level would expose 4.2471, the Jul 15 low.