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EURHUF June 20, 2018 Weekly Analysis

Exclusive Capital Ltd.

The HUF dropped sharply due to market turmoil. The MNB deputy governor, Marton Nagy, stated that the Central Bank was ready to intervene in monetary policy if the Forint was to continue depreciating (last week). Moreover, Hungary's inflation was at 2.8% and the target at 3%. Support remains at the 321.40 level, while probable drop might bring the new support to the 320.80 zone. The next resistance might be the 324.66 area.

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Source: https://www.exclusivecapital.com/eurhuf-june-20-2018-weekly-analysis/
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