FX Emerging Markets Weekly Technicals.

EUR/PLN: Has found interim support at 3.8972/3.8766 but remains sidelined for now.

EUR/HUF: Bounces off the 263.06/259.79 support area but should be capped around the 270/272 area.

EUR/CZK: The 24.55/59 resistance area should hold initial test

USD/TRY: Well placed to challenge the 1.62 region

USD/ZAR: A trend reversal is in the making – heads towards the major resistance zone at 7.1740/7.2302.

Rouble Basket: Bouncing off the 33.40/00 major support area. As long as it holds, 33.95/99 beckons.

 

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http://www.easyforexnews.net/uploads/2011/05/FX-Emerging-Markets-Weekly-23052011.pdf

 

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Technical Research