EUR/HUF to to witness a bounce towards 426 on a break above 416 – SocGen Hungary EURHUF Banks
EUR/HUF has stabilised around 410 after pulling back from 434 to sub 400. A break past 416 is needed to avoid range-bound action, economists at Société Générale report.“Signals of a large downtrend are not yet visible; 200-DMA near 394/391 should be an important support zone.”
“Short-term price action could remain range-bound with upper band near graphical levels of 416 representing July high. If this is overcome, the pair is expected to witness a bounce towards 426, the 76.4% retracement of recent down move and perhaps even towards 434.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Brent Oil: Break below $83.70/83.00 can lead to an extended downtrend – SocGenOil prices extend losses after closing below $90/bbl on Friday. A Break under September lows and projections of $83.70/83.00 could deepen the down mov
Consulte Mais informação »
SocGen and Alliance Bernstein to launch global equities ventureSociete Generale , France's third-biggest listed bank, and U.S. investment management company Alliance Bernstein plan to form a joint venture focusing on global cash equities and equity research, they said on Tuesday.
Consulte Mais informação »
USD to slip backwards by mid-week on improving European data and desire to reduce positions – SocGenChinese Covid concerns blacken Monday’s mood, but improving European data and a desire to reduce positions should see the Dollar slipping backwards by
Consulte Mais informação »
Chris Hemsworth: Alzheimer’s risk prompts actor to take acting breakThe Thor star has revealed he has a significantly heightened risk of developing the disease.
Consulte Mais informação »
Olivia Wilde and Harry Styles Have Reportedly Split After 2 Years of DatingSources say that the pair are 'taking a break' from their relationship.
Consulte Mais informação »
AUD/USD: Break above 0.6797 needed to regain near-term upside momentum – Credit SuisseAUD/USD has not followed through on the recent break above 0.6725. However, analysts at Credit Suisse see the current pause as a correction ahead of f
Consulte Mais informação »