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EURHUF Approaching 370 Key Resistance

HUNGARY
  • USDHUF continues to trend higher this morning after breaking above the 320 resistance on Friday; next level to watch on the topside stands at 322.60. On the downside, first support stands at 318.30.
  • EURHUF has been also trending higher in the past week currently testing its 367 resistance; next level to watch on the topside stands at 370 (key resistance). On the downside, first support stands at 365.
  • Hungary 10Y yield has been steady in the past two days after consolidating lower on Thursday; next support to watch on the downside stands at 3.78%. On the topside, key resistance stands at 4%.

Source: Bloomberg/MNI

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