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TECHS: CEEMEA FX Price Signal Summary: USDRUB Weakness Exposes Key Support

EMERGING MARKETS
  • EURHUF has started the week on a firmer note. Attention is on last week's 368.09 high on Mar 8. A break would confirm a resumption of the current uptrend and open 369.25, Oct 29, 2020 high. Initial firm support is at 364.54, Mar 11 low.
  • EURPLN remains in an uptrend and attention is on 4.6217, Dec 31 high. Support lies at 4.5289, Mar 2 low. Initial support is at 4.5594, Mar 9 low.
  • USDZAR has retraced recent gains and remains closer to the lows. 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.
  • The USDTRY outlook remains bullish despite the most recent pullback. The rally since Feb 16, signals scope for a climb towards 7.9368 level, 61.8% of the Nov - Feb downleg. Support is seen at 7.3713, the 50-day EMA.
  • USDRUB weakness has resumed following a prolonged period of consolidation. The break of 73.1482, Feb 16 low leaves key support at 72.6566, Dec 17 low exposed. Resistance is at 75.0632, Feb 22 high.
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