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EURHUF Continues To Oscillate Around 400

HUNGARY
  • USDHUF ticks lower this morning, currently trading slightly below the 380 level. ST support to watch on the downside stands at 376.40. On the topside, resistance to watch stands at 386.70.
  • EURHUF ticks lower this morning, currently trading around 399.50. Momentum still looks bullish on the pair. ST resistance to watch stands at 402.90; next key level to watch on the topside stands at 410.80 (123.6% Fibo projection). On the downside, support to watch stands at 394.50.

Source: Bloomberg/MNI

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