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Selling Pressure On HUF Remains Elevated

HUNGARY
  • USDHUF continues to retrace higher this morning after breaking above its 100DMA resistance last week; next resistance to watch on the topside stands at 320. On the downside, support to watch below 315.10 (100DMA) stands at 310 (see chart).
  • EURHUF also continues to consolidate higher after breaking above its 200DMA resistance on Friday; next level to watch on the topside stands at 361.50 (100DMA). On the downside, support to watch below 357.60 (200DMA) stands at 355.

Source: Bloomberg

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