The EUR/HUF pair targets the October-to-February lows at 355.82/353.04 which are expected to offer support, according to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. Support is seen at 355.82/353.04 “EUR/HUF topped out at its 369.22 March high, made very close to the 369.28/53 April and October 2020 peaks, before rapidly coming off and slipping through the 2020-2021 uptrend line and 200 day moving average at 358.84/46 with the October-to-February lows as well as the 2019-2021 uptrend line at 355.82/353.04 thus being in focus. This support area is expected to hold. If not, however, we would have to allow for the April 2020 low at 349.13 to be reached.” “Further down lies significant support between the June and July 2020 lows at 343.63/04.” “Immediate downside pressure should prevail while the currency pair remains below the 55-day moving average and the late January high at 361.28/52. Above this zone sits the December peak at 365.40 and major resistance at 369.22/28, the October and March highs.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY set to extend its fall below 109.00 FX Street 2 years The EUR/HUF pair targets the October-to-February lows at 355.82/353.04 which are expected to offer support, according to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. Support is seen at 355.82/353.04 "EUR/HUF topped out at its 369.22 March high, made very close to the 369.28/53 April and October 2020 peaks, before rapidly coming off and slipping through the 2020-2021 uptrend line and 200 day moving average at 358.84/46 with the October-to-February lows as well as the 2019-2021 uptrend line at 355.82/353.04 thus being in focus. This support area is expected to hold. If not, however, we would have to allow… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
