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GBP SONIA FIX - 11-5-2022

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EURHUF Testing 100DMA Resistance

  • USDHUF continues to consolidate higher this morning after breaking above its 100DMA last week and is currently testing its 320 resistance. Next level to watch on the topside stands at 322 (50DMA). On the downside, support to watch now stands at 315.40 (100DMA).
  • EURHUF has been retracing sharply higher in the past few days and is currently testing its 100DMA at 361.60; next level to watch on the topside stands at 364.40 (50DMA). On the downside, first support stands at 360.

Source: Bloomberg

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MNI London Bureau | +44 203-865-3850 |

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