zs00lt
Long

EURHUF

65 0 0
We expect more rate cut on the 24th. The range is clear, we are at the bottom of the recent channel. EURHUF             usually respects that. We play the long with options as we do not want to pay financing. In case we got it wrong we sell the spot at 293,50 to hedge the cost & loss of the vertical option. Expiry: 2nd of October
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