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TECHS: CEEMEA FX Price Signal Summary: EURHUF Outlook Remains Bullish

EMERGING MARKETS
  • A EURHUF bullish theme remains in place. Last week's gains resulted in a break of 365.22, Dec 31 high. This opens 369.25, Oct 29 high. Initial firm support is at 363.26, Mar 2 low.
  • EURPLN remains in an uptrend. Attention is on 4.6217, Dec 31 high. Support lies at 4.5289, Mar 2 low. Initial support is at 4.5594, yesterday's low.
  • USDZAR has retraced recent gains. The sharp move lower probed support at 14.8069, Feb 26 low. A clear break would signal scope for a deeper pullback towards 14.3966, Feb 24 low. Initial key resistance has been defined at 15.5726, Mar 8 high.
  • USDTRY near-term outlook remains bullish despite the most recent pullback. The rally since Feb 16, signals scope for 7.9368 level, 61.8% retracement of the Nov - Feb downleg. Support is seen at 7.3636, the 50-day EMA.
  • USDRUB continues to trade in a range. 75.0632, Feb 22 high and 73.1482, Feb 16 low mark the key short-term directional triggers in.
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