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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
EUR-HUF Flat-Sided Triangle
- EUR/HUF choppy trading persists as a flat-sided triangle begins to form in the week's price action on shorter-term timeframes - leading to a possible breakout in either direction.
- Pattern is usually bearish leading to a move lower the same height as the triangle towards 356.76
- but a rejection of a break through the lower support generally results in a push higher towards the top of the pattern at 361.54.
- Spot currently also caught between 100 & 50dmas (360.42 & 359.36) on the daily chart, causing some indecision - reinforcing the pattern.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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