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TECHS: CEEMEA FX Price Signal Summary: USDRUB Strength Extends

EMERGING MARKETS
  • EURHUF is holding onto the bulk of this week's gains and the recovery off Monday's 356.32 low. The cross has cleared both the 20- day and 50-day EMAs. This signals scope for a climb towards 361.92, Jan 18 high.
    • A break below 356.32, Jan 25 low is required to resume bearish pressure and open 356.00 initially, 76.4% of the Dec 14 - 31 rally, and below.
  • EURPLN traded above resistance at 4.5581, 50.0% of the Dec 31 - Jan 7 downleg but has since pulled back. A clear break of this level would be bullish.
    • Key support is unchanged at 4.4946, Jan 7 low and a bear trigger. Initial firm support support lies at 4.5229, Jan 20 low.
  • The USDZAR recovery from 14.7667, Jan 21 low, has found resistance at 15.3792.
    • The pair needs to clear 15.3800, Jan 18 high to expose key S/T resistance at 15.6625, Jan 11 high.
    • Key support lies at 14.7667.
  • In USDTRY, the near-term directional triggers are 7.5426, Jan 18 high and 7.2406, Jan 7 low are.
  • USDRUB maintains a firmer posture and is extending this week's gains once again today. Importantly, the pair has traded above 75.9104, the Dec 22 high.
    • This paves the way for a climb towards 76.8035, 50.0% of the Nov 2 - Dec 17 sell-off.
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