Free Trial

EURHUF Consolidating Back Towards 390

HUNGARY
  • USDHUF continues its bear consolidation this morning, gradually approaching its ST support at 360; next level to watch on the downside stands at 351.90 (50DMA). On the topside, resistance to watch stands at 371.20.
  • EURHUF ticks lower this morning after finding a local high at 396.60 yesterday; the pair is currently trading slightly above the 390 level. ST support to watch on the downside stands at 382.30. On the topside, key resistance to watch stands at 400, which corresponds to the pair’s all-time high.

Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.