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EURHUF Technical Resistance Levels Breached

HUNGARY

EURHUF price action is highlighting a short-term reversal. The cross traded higher last week and has started this week on a bullish note.

  • Price traded above the 50-day EMA - at 387.32 - and in recent trade has tested above both 390.00 and 391.94, the Feb 10 high.
  • 396.09, the Feb 07 high, marks the next technical resistance level to watch.

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