Free Trial

Approaching Its M/T Bull Trigger


Bearish Threat Remains Present

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • EURHUF continues to give back some of its recent gains. The cross has today traded through support at 364.54, Mar 11 low. This exposes the 50-day EMA at 362.76.
    • On the upside, initial resistance is at 367.05, Tuesday's high. Key resistance is 369.21, Mar 18 high.
  • EURPLN is moving in the opposite direction and maintains a bullish tone. The cross has this week confirmed a breach of 4.6127, Dec 31 high.
    • The break higher opens 4.6458, Oct 29 2020 high and a key bull trigger.
    • First support lies at 4.5837, Mar 23 low.
  • USDZAR, is unchanged. The pair is consolidating but maintains a bearish short-term tone following the recent sell-off. The break lower last week highlights scope for a pullback towards 14.3966, Feb 24 low. Initial resistance is seen at 15.0402, Mar 12 high.
  • USDTRY initial support lies at 7.6958, Mar 22 low. Monday's volatile activity highlights a first key resistance at 8.0470, that day's high. Initial resistance is seen at 8.0470 Nov 24 high.
  • USDRUB has traded sharply higher this week but is facing some resistance today. The recovery that has been in place since 72.5385, the Mar 16 low exposes key resistance at 76.4997, Jan 28 high. Initial support lies at 75.1322, Tuesday's low.
MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.