The Hungarian Forint has been on quite a run, but lately failing to make significant new lower lows on the EURHUF chart, signalling the bears are running out of steam. It’s also trading near major support zone. On the fundamental side, the national bank of Hungary are likely to start cutting interest rates slowly but steadily. I’m expecting the Forint to start depreciating and my target is the psychological level of 400 to be tested in 1-2 months time.
@elblanco0, Hungary 13.000 % guess you don't keep trades over night..or you don't pay swap ?
elblanco0
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@cyberdok I don’t hold it’d cost the profits. Just catch momentum when it goes. From this 368-370 level the only way is up so I buy the dips and hopefully sooner or later it catches up momentum and hit 400.