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HUNGARY: EURHUF Trading Neat Thursday’s Highs, Key Resistance Eyed Next

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • EURHUF has started the session on the front foot, up 0.1% and near yesterday’s high of 396.57. The rally this week could pave the way for 398.85, the Jun 14 high and a key resistance. Initial support lies some way off at 392.44, the 50-day EMA.
  • Local news flow is limited today, with US NFPs this afternoon the highlight across global markets.
  • There are no domestic economic releases scheduled, with July inflation data taking focus next week on Thursday. Trade balance, industrial production and retail sales figures will all also cross next week.
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  • EURHUF has started the session on the front foot, up 0.1% and near yesterday’s high of 396.57. The rally this week could pave the way for 398.85, the Jun 14 high and a key resistance. Initial support lies some way off at 392.44, the 50-day EMA.
  • Local news flow is limited today, with US NFPs this afternoon the highlight across global markets.
  • There are no domestic economic releases scheduled, with July inflation data taking focus next week on Thursday. Trade balance, industrial production and retail sales figures will all also cross next week.