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EURHUF Testing Its 50DMA

HUNGARY
  • USDHUF has paused around the 390 level in the past week; ST support to watch on the downside stands at 380 (50DMA). On the topside, key resistance stands at 400.
  • EURHUF has been testing its 50DMA in the past week after consolidating lower the week before. A break below that level would open the door for a move down to 393.20. On the topside, resistance to watch stands at 400, followed by 407.

Source: Bloomberg

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