If the EURHUF exchange rate of 378.289 does not manage to protect the level of 367, there is a likelihood that the downward trend could continue and reach around 362, according to SocGen.

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EURHUF Chart by TradingView

EUR/HUF is bottoming out around 370. Economists at Société Générale analyze the pair’s technical outlook.

See – EUR/HUF: Hawkish NBH tone should be a boost for the Forint – ING

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