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25 Feb 2013
Forex: EUR/HUF in session highs above 294.00
The Hungarian forint climbed to levels above the key resistance at 294.00 against the single currency on Monday, after retails sales in Hungary contracted 2.1% in a year through December, improving November’s contraction of 4.1%.
The cross is now up 0.17% at 294.20
Next resistance levels line up at 294.94 (high Feb.7) ahead of 300.00 (high Jan.28) and finally 307.65 (high Jun.1).
On the other hand, a breach of the psychological level at 290.00 would bring 288.70 (low Feb.13) and then 287.65 (low 2013 Jan.13).
The cross is now up 0.17% at 294.20
Next resistance levels line up at 294.94 (high Feb.7) ahead of 300.00 (high Jan.28) and finally 307.65 (high Jun.1).
On the other hand, a breach of the psychological level at 290.00 would bring 288.70 (low Feb.13) and then 287.65 (low 2013 Jan.13).