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27 Mar 2015
EUR/HUF retreats from highs
FXStreet (Edinburgh) - The Hungarian forint is trading on the back footing vs. its European peer on Friday, with EUR/HUF now hovering over the mid-300.00s.
EUR/HUF rebounds from 297.60
The cross is advancing for the second consecutive session so far, recovering ground lost after the sharp sell off in the first half of the week. The selling mood persists today around HUF, after the unemployment rate in Hungary ticked higher to 7.7% during February, up from 7.5% and below expectations for a 7.3% drop.
EUR/HUF important levels
The cross is now up 0.20% at 300.47 with the next support at 298.68 (low Mar.26) followed by 297.61 (low Mar.25) and then 297.05 (low Jan.2). On the upside, a surpass of 303.95 (high Mar.24) would expose 304.79 (high Mar.23) and finally 305.60 (high Mar.20).
EUR/HUF rebounds from 297.60
The cross is advancing for the second consecutive session so far, recovering ground lost after the sharp sell off in the first half of the week. The selling mood persists today around HUF, after the unemployment rate in Hungary ticked higher to 7.7% during February, up from 7.5% and below expectations for a 7.3% drop.
EUR/HUF important levels
The cross is now up 0.20% at 300.47 with the next support at 298.68 (low Mar.26) followed by 297.61 (low Mar.25) and then 297.05 (low Jan.2). On the upside, a surpass of 303.95 (high Mar.24) would expose 304.79 (high Mar.23) and finally 305.60 (high Mar.20).