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EURHUF closed below the 100-dma............>

EURO-HUF
EURO-HUF: EURHUF closed below the 100-dma yesterday for the first time since Mar
26. The earlier GDP beat further accelerated the downtrend to Huf323.24, before
meeting support from the Aug 13 low (Huf323.18). Below here opens a move towards
Huf322.92 which represent the 61.8% retracement level of the May - July rally,
support is placed behind through Huf322.00/20 from a series of previous lows,
ahead of the 200-dma at Huf321.63. Last Huf323.54. 

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