EUR/HUF: Failure to defend 379 could mean a deeper down move towards 372 – SocGen EURHUF Hungary Banks
“The 200-DMA around 399/402 remains a crucial resistance zone and must be overcome to affirm an extended bounce.”
“The pair is drifting towards interim support of 379, the 76.4% retracement from the low formed earlier this month. Failure to defend could mean a deeper down move towards 372 and perhaps even towards the lower limit of a multi-month channel at 367.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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