USD/HUF will continue its rally

USDHUF will continue its rally, sending the pair higher towards an uptrend resistance line. As the US-EU relationship falters, America has found a friend from a member state. Hungary’s populist leader has been making noise inside the bloc with his populist government. He led the rise of the Visegrad Group, an eastern bloc inside the European Union. Together, they pressured the Germano-Franco alliance in giving up some of their powers. The election of the European Commission president, Ursula von der Leyen, saw a bigger role for the V4 nations. Hungary got a vice-presidential position, holding the EU Enlargement portfolio. The country’s plan to include countries of the former Yugoslavia had created tension with French President Emmanuel Macron. Hungary is now calling for the EU to clarify its position in Iran and to move closer to the United States. The US was able to establish its influence with the Visegrad Group.