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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.
HUNGARY
- HUF has been one of the best FX movers since the start of the year and the best performing currency among the EM world.
- EURHUF consolidated from its key resistance at 370 in the beginning of January to 351 earlier this morning after breaking below its 355.40 support yesterday (61.8% Fibo retracement 345.10 – 372 range).
- Traders could start to take profit on the ‘oversold’ pair as NBH marks a pause in its tightening cycle.
- First resistance to watch on the topside now stands at 355.40, followed by 357.60 (200DMA).
- On the downside, support to watch stands at 350.
Source: Bloomberg/MNI
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.
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