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HUF: EURHUF Above Key Resistance at 399.21, Targets 400

HUF
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EURHUF has extended a leg higher in recent trade, with the cross just above previously noted resistance at 399.21, the Aug 5 high. Focus remains on the 400 handle, a level we have not traded above since March 2023. HUF weakness against the single currency is particularly stark given the narrow 30pip range for EURUSD today and seemingly more calm risk backdrop compared to Tuesday trade, though weakness has also been noted in PLN and CZK.

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EURHUF has extended a leg higher in recent trade, with the cross just above previously noted resistance at 399.21, the Aug 5 high. Focus remains on the 400 handle, a level we have not traded above since March 2023. HUF weakness against the single currency is particularly stark given the narrow 30pip range for EURUSD today and seemingly more calm risk backdrop compared to Tuesday trade, though weakness has also been noted in PLN and CZK.