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EURHUF Testing 38.2% Fibo Support

HUNGARY
  • EURHUF continues to retrace lower this morning after breaking below its LT upward trending support line.
  • The pair is currently testing the 392.30 level, its 38.2% Fibo retracement of the 352.40 – 416.90 range.
  • Next ST key support to watch on the downside stands at 388.90 (100DMA).
  • On the topside, resistance to watch stands at 399.30 (50DMA).
  • Hungary’s natural gas reserves rose to 51.3% of the total capacity in August from 36.3% in June, according to a statement by the energy regulator (bbg).

Source: Bloomberg/MNI

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  • EURHUF continues to retrace lower this morning after breaking below its LT upward trending support line.
  • The pair is currently testing the 392.30 level, its 38.2% Fibo retracement of the 352.40 – 416.90 range.
  • Next ST key support to watch on the downside stands at 388.90 (100DMA).
  • On the topside, resistance to watch stands at 399.30 (50DMA).
  • Hungary’s natural gas reserves rose to 51.3% of the total capacity in August from 36.3% in June, according to a statement by the energy regulator (bbg).

Source: Bloomberg/MNI