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TECHS: CEEMEA FX Price Signal Summary: EURPLN Edges Higher

EMERGING MARKETS
  • EURHUF continues to give back some of its recent gains. Attention is on support at 364.54, Mar 11 low.
    • From a bullish perspective, the focus 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.
    • Weakness through 364.54 would open the 50-day EMA at 362.67.
  • EURPLN maintains a bullish tone and has traded higher today to levels above resistance at 4.6127, Dec 31 high.
    • A clear break higher would open 4.6458, Oct 29 2020 high and a key bull trigger.
    • Key support lies at 4.5837, Mar 23 low.
  • USDZAR is consolidating but maintains a softer tone following the recent sell-off. The break lower last week highlights scope for a deeper pullback towards 14.3966, Feb 24 low. Initial resistance is seen at 15.0402, Mar 12 high.
  • USDTRY initial support lies at 7.6958, Mar 22 low. Monday's volatile activity highlights a first key resistance at 8.0470, that day's high. Initial resistance is seen at 8.0470 Nov 24 high.
  • USDRUB traded sharply higher yesterday, extending the recovery that has been in place since 72.5385, the Mar 16 low. The rally exposes a key resistance at 76.4997, Jan 28 high.
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