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TECHS: CEEMEA FX Price Signal Summary: EURHUF Approaches Key Resistance

EMERGING MARKETS
  • EURHUF is holding onto gains and remains in a bull mode. The focus is on 365.22, Dec 31 high and a key resistance. A break would open 367.25, Nov 2 high. Firm support is seen at 360.56, Feb 26 low.
  • EURPLN remains firmer too following the recovery that started Feb 10. Attention is on the 4.5500 handle that has been probed and resistance at 4.5618, Jan 28 high. Support lies at 4.5032, Feb 25 low.
  • Bulls are holding onto the bulk of recent USDZAR gains and the pair maintains a firmer tone following the rally on Feb 25. An extension higher would open 15.3792, Jan 28 high. Key support is 14.3966, Feb 24 low.
  • USDTRY near-term outlook is bullish with price holding above 7.2179, the 20-day EMA. A break below the average would refocus attention on 7.00. For bulls, attention is on key resistance at 7.5426, Jan 18 high.
  • 75.0632, Feb 22 high and 73.1482, Feb 16 low still mark the key short-term directional triggers in USDRUB.
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