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28 May 2015
EMEA FX technical snapshot – BBH
FXStreet (Edinburgh) - The research team at BBH gave a technical view on the EMEA FX space.
Key Quotes
“EUR/CZK has not really traded with the rest of EM ever since the CNB instituted the floor “near” 27 back in November 2013. The pair had remained range bound between 27.40-28.00 for most of H2 2014, save for a brief spike to around 28.50 in January. However, it traded down to 27.20 in February before bouncing back to trade near 27.40 currently”.
“EUR/HUF has retraced over a third of the January-April drop. Retracement levels for that move come in near 311.60 (50%) and 315.40 (62%). Break above 315.40 would put it on track to test the January 16 all-time high near 327.60”.
“EUR/PLN has retraced nearly half of the January-April drop. Retracement levels for that move come in near 4.1675 (50%) and 4.2150 (62%). Break above 4.2150 would put it on track to test the January 15 high near 4.3675”.
Key Quotes
“EUR/CZK has not really traded with the rest of EM ever since the CNB instituted the floor “near” 27 back in November 2013. The pair had remained range bound between 27.40-28.00 for most of H2 2014, save for a brief spike to around 28.50 in January. However, it traded down to 27.20 in February before bouncing back to trade near 27.40 currently”.
“EUR/HUF has retraced over a third of the January-April drop. Retracement levels for that move come in near 311.60 (50%) and 315.40 (62%). Break above 315.40 would put it on track to test the January 16 all-time high near 327.60”.
“EUR/PLN has retraced nearly half of the January-April drop. Retracement levels for that move come in near 4.1675 (50%) and 4.2150 (62%). Break above 4.2150 would put it on track to test the January 15 high near 4.3675”.