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EURHUF Approaching 200DMA Support

HUNGARY
  • USDHUF continues to consolidate lower this morning, gradually approaching its ST support at 316.30; a break below that level would open the door for a move down to 313.05 (100DMA). On the topside, first resistance stands at 320, followed by 322.10 (50DMA).
  • EURHUF also continues to retrace lower, breaking below its 100DMA yesterday and gradually approaching its next support at 357.70 (200DMA). On the topside, next resistance to watch above 360.60 (100DMA) stands at 363.50.
  • Hungary 10Y yield has been retracing slightly higher in the past two days; ST resistance to watch on the topside stands at 4.75%, followed by key level at 5%. On the downside, first support to watch stands at 4.50%.

Source: Bloomberg/MNI

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