mardi, janvier 02, 2007

EURHUF

On the weekly chart, the Rate is approaching support around 248.
The trend remains bearish but the recent decline was quite steep and a buy signal could occur next week as the TD Combo is flashing a 12.
The last time we had a buy signal (see arrows) the trend reverse strongly in the coming weeks.















The consensus on Bloomberg leaves also few up-side potential for the HUF versus the EUR.
On the contrary because the median forecast for Q1 is 260.

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