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TECHS: CEEMEA FX Price Signal Summary: USDRUB Off Recent Lows

EMERGING MARKETS
  • USDZAR extends this week's sell-off but has found support at the 14.7772 level, 76.4% of the Dec - Jan rally.
    • A clear break of 14.7772 would open 14.5037, Dec 23 lo and a key support.
    • Resistance is at 15.2090, the 50-day EMA.
  • In the CEE region, EURPLN remains below the 4.5500 level. The outlook is bearish and recent gains are likely a correction.
    • Key support is unchanged at 4.4946, Jan 7 low and a bear trigger.
    • The resistance to watch is 4.5581, 50.0% of the Dec 31 - Jan 7 downleg.
    • A break would potentially alter the picture.
  • EURHUF remains soft and is eyeing key support at 356.53, Jan 7 low. A break would open 356.00, 76.4% of the Dec 14 - 31 rally.
  • USDTRY is largely unchanged and back below the 20-day EMA. Clearance of 7.5426, Jan 18 high is required to highlight a bullish theme.
    • A key pivot support lies at 7.2406, Jan 7 low and is close to the May 2020 high and the Aug 2013 high. A break of 7.2406 would resume the downtrend.
  • USDRUB is firmer today. The near-term directional triggers are unchanged at 73.0665, Jan 4 low and 75.2785, Jan 5 high.
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