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EURHUF Nears 402.90 Resistance

HUNGARY
  • Selling pressure on HUF remains high on Friday, with EURHUF trading slightly below the 402 level.
  • Next ST resistance to watch on the topside stands at 402.90 (pair’s all time high).
  • Key level to watch above that stands at 410.75, which corresponds to the 123.6% Fibo projection of the 352.60 – 399.60 range.
  • On the downside, support to watch stands at 397, followed by 393.

Source: Bloomberg/MNI

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