20 Oct 2015
EUR/HUF unchanged on NBH decision
FXStreet (Edinburgh) - The Hungarian forint kept the composure vs. the single currency on Tuesday, with EUR/HUF hovering over the 310.30 area post-NBH decision.
EUR/HUF indifferent after NBH
The cross has gained some pips after the Hungarian central bank left its monetary policy unchanged at today’s meeting, leaving the base rate at 1.35% and matching the broader market expectations.
EUR/HUF remains on the upside today, extending its bounce off 2-month lows in the 308.00 area posted last week, all amidst increasing HUF-strength bolstered by positive prospects of the domestic economy.
EUR/HUF important levels
The cross is now up 0.08% at 310.26 facing the next resistance at 312.01 (100-day ma0 followed by 312.27 (55-day ma) and then 315.42 (downtrend from 326.97). On the downside, a breach of 308.70 (200-day ma) would expose 308.21 (uptrend from August low) and finally 306.25 (low Jun.29).
EUR/HUF indifferent after NBH
The cross has gained some pips after the Hungarian central bank left its monetary policy unchanged at today’s meeting, leaving the base rate at 1.35% and matching the broader market expectations.
EUR/HUF remains on the upside today, extending its bounce off 2-month lows in the 308.00 area posted last week, all amidst increasing HUF-strength bolstered by positive prospects of the domestic economy.
EUR/HUF important levels
The cross is now up 0.08% at 310.26 facing the next resistance at 312.01 (100-day ma0 followed by 312.27 (55-day ma) and then 315.42 (downtrend from 326.97). On the downside, a breach of 308.70 (200-day ma) would expose 308.21 (uptrend from August low) and finally 306.25 (low Jun.29).