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EUR/HUF Extends Post-NBH Rally, Narrows Gap With Key Resistance

HUNGARY
  • Pick up in EUR/HUF since the European open marks an extension of the post-NBH move posted yesterday.
  • No notable headline flow behind the HUF weakness, but upside has accelerated on the break of 381.95, the Jul 20 high. This narrows the gap with the next key upside levels at the 387.07 200-dma as well as the early July highs of 389.26 further out
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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