EUR/HUF
Comment: Having spent the last nine years trading fairly neatly around a mean at 253.00 the Hungarian forint has weakened from a record 227.29 per Euro to February’s weakest ever at 309.85 – a whopping 36.00%. There is probably worse to come as chart patterns currently show no signs of pressure abating let alone reversal signals. A sustained break above 310.00 suggests a move to our next measured target at 335.00. A weekly close below 295.00 eases immediate upside pressure but only below
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