EMERGING MARKETS: CEEMEA FX Price Signal Summary - Fresh Cycle Low In EURPLN
May-24 11:11
- EURHUF is holding on to the bulk of its recent gains. The cross has traded through the 50-day EMA and this exposes 380.29, the Apr 20 high and a key resistance. A clear break of this level would suggest scope for a stronger recovery. The primary trend direction remains down, a breach of 368.05, May 16 low, would confirm a resumption of the trend and open 366.41, the Mar 30 2022 low.
- EURPLN trend conditions remain bearish and the cross has traded to a fresh cycle low of 4.4767 today. This confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. A continuation lower would open 4.4360, the Jun 7 2021 low. Initial firm resistance to watch is at 4.5457, the 20-day EMA.
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LIBOR: US FIX - 24/04/23
Apr-24 10:58
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