EUR/PLN: Trades at its pivot around 3.9950 and bangs against the 3.9911/4.0098 area which should cap.
EUR/HUF: Is seen bouncing off the 265/263.06 support zone but should stall around the May 271.15 high.
EUR/CZK: The 2011 uptrend line at 24.07 acts as good support with the April 24.04 low and the 24.00 mark.
USD/TRY: Breaks through the 2009-11 downtrend line at 1.6074 and should better the 1.6160/1.6215 zone.
USD/ZAR: Trades back above its long term pivot at 6.7661/2 but still remains sidelined.
Rouble Basket: Trades back within the middle of its three month 33.99-33.04 range, having bounced off 32.99.
Commerzbank Corporates & Markets
Technical Research
a href=”http://www.easyforexnews.net/wp-content/uploads/2011/06/FX-Emerging-Markets-Weekly-20062011.pdf”