Despite some modest HUF strenghtening EURHUF looks always bullish as hell. Hungary's central bank MNB announced bigger steps in rate hikes, projecting 8% by the end of the year. Plus, elections coming ahead and none of the results favouring HUF in the short term. Viktor Orban's 4th consecutive win would give HUF a great pressure, assuming the continuation of the forint weakening. A change in the governing political party would lead the country to a really uncharted territory with unknown political actors and measures.
Trade active:
Ok, so OV won again. I expect forint to reach 400 in this year if no hard measures are taken against forint weakening, what is unlikely.
Comment:
Ah, and if for some reason forint gains some momentum just double down on your buys. Safe profit for 4 years at least I guess.