The Hungarian forint continues to rally
The Hungarian continued to strengthen yesterday in positive market sentiment and the EUR/HUF broke below the 50-day moving average. It was traded in the opening hours around 311.5, which stopped two times the strengthening in the last 2 months. Since the Scottish ‘No’ might extend positive sentiment in Europe the next support level – around 310 – might be tested soon.
Read the full report: FX Daily