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

EMERGING MARKETS
  • EURHUF maintains a bullish tone. Attention is on 369.25, Oct 29 2020 high and 369.54, Apr 1 2020 high. This is a key resistance area and a break would confirm a resumption of the long-term uptrend. Initial firm support is at 366.01, Mar 18 low.
  • EURPLN remains firm. The cross has cleared resistance at 4.6217, Dec 31 high. The break opens 4.6458, Oct 29 2020 high and a key bull trigger. Key support lies at 4.5594, Mar 9 low.
  • USDZAR, remains soft following Wednesday's sell-off and the extension of the recent downleg. The break lower this week signals scope for a deeper pullback towards 14.3966, Feb 24 low. Initial resistance is seen at 15.0402, Mar 12 high.
  • USDTRY remains offered. The break lower yesterday and today's continuation, exposes the next support at 7.2220, Mar 1 low. Deeper losses would also open 7.00 ahead of 6.8974, Feb 16 low. The pair has traded through both the 20- and 50-day EMAs. Resistance is at 7.6418, Mar 17 high.
  • USDRUB remains above Tuesday's 72.5385 low. This level marks the current short-term key support. The recovery this week exposes 75.0632, Feb 22 low.

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