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Failure to convincingly overcome the.......>

EURO-HUF
EURO-HUF: Failure to convincingly overcome the Huf330.00 area has seen a
liquidation of long positions amid an improving EM FX picture. (MNI highlighted
this in an analysis piece - EURHUF Short Term Correction - Jun29). The Forint
has extended its recovery against the EUR to Huf324.88 with near-term support
seen at Huf323.75/55 (50% retracement of Huf316.74-330.75, Jun22 low). EURHUF
last Huf325.45. 

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