Forex: EUR/HUF rebounds from 292.00

FXstreet.com (Barcelona) - Better-than-expected trade balance figures in the Hungarian economy added some buying pressure to the forint, dragging the pair to the boundaries of 292.00, although picking up pace later to the current proximities of 293.00. In fact, March’s trade surplus widened to €753.4 million, up from February’s print at €672.6 million.

EUR/HUF is now losing 0.07% at 292.92 facing the next support at 290.25 (low Feb.20) ahead of the psychological level at 290.00 and finally 289.35 (MA200d).
On the other hand, a surpass of 296.55 (MA100d) would expose 308.55 (high Mar.18) and then 313.48 (high Jan.13 2012).