Heavily Selling EURHUF at current levels
Here is a very interesting and technical call as we approach the top in the range. The weakness in global risk sentiment has been the main driver behind the move and we are now approaching value areas for longs to take profits and interesting areas for shorts to re-engage.
On the macro side the underlying conditions remain, positive output gaps, above target inflation and resilient growth ... this combination is not in sync with current rates so with CB action becoming fashionable again I am expecting some policy tightening.
Best of luck those betting on HUF strengthening.
On the macro side the underlying conditions remain, positive output gaps, above target inflation and resilient growth ... this combination is not in sync with current rates so with CB action becoming fashionable again I am expecting some policy tightening.
Best of luck those betting on HUF strengthening.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.