- Analytics
- News and Tools
- Market News
- EUR/HUF to target the 431/33 zone on a break past 415/17 – SocGen
EUR/HUF to target the 431/33 zone on a break past 415/17 – SocGen
EUR/HUF has undergone a pause in its up move after achieving upside projections near 415/417 in July. A break above here would clear the way towards 426, then 431/433, economists at Société Générale report.
Dip under 391 to trigger substantial fall
“The pair has successfully defended August levels of 391 in recent pullback and has now crossed above a steep descending channel. The break highlights possibility of revisiting the hurdle at 415/417. Once this is overcome, next leg of uptrend is likely to materialize towards projections of 426 and 431/433.”
“Defending 391 is crucial for averting a deeper down move.”
See: EUR/HUF set to reach 415 by year-end – Commerzbank
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
