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EURHUF Extends Gains as E-Mini S&P Trades to New Lows

HUNGARY

Risk sentiment remains the key driver for EURHUF, which extends gains in recent trade as the e-mini S&P extends to new lows (see chart). Price continues to trade above the 50-day EMA - at 388.24 - and a continuation higher would open 404.35, the Jan 3 high.


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Risk sentiment remains the key driver for EURHUF, which extends gains in recent trade as the e-mini S&P extends to new lows (see chart). Price continues to trade above the 50-day EMA - at 388.24 - and a continuation higher would open 404.35, the Jan 3 high.