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HUF Weakens as Traders Take Profits in EUR/HUF

HUNGARY
  • HUF showing weakness and possible profit-taking today after a considerable rally in recent weeks in line with NBH tightening
  • Spot EUR/HUF now trades back above 350, having moved past the 23.6% retracement mark of the 26 July -25 Aug rally.
  • 32.8% Fib at 353.04 & 50% at 354.85


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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