EURHUF Forecast and Live Chart

The Euro/Hungarian Forint currency pair (also referred to as EURHUF and EUR/HUF) is considered an exotic currency pair. In this article, we will examine how EURHUF is performing.

EURHUF Key Stats

  • 2021 high: 371.980
  • 2021 low: 345.130
  • YTD high: 416.856
  • YTD low: 345.947
  • YTD % change: 9.31%

EURHUF Forecast

The EURHUF has risen for most of 2022, although it has run into a stumbling block of late, dipping from its July high. However, given what looks to be easing headwinds in Europe, a further move to the downside looks like a real possibility. Price is currently sitting just below the 100MA, and we believe a move back to 390.72 is an area to target.

EURHUF september 2022

EURHUF Fundamental Analysis

Fundamental analysis helps traders develop an understanding of what moves a currency and enables them to build a directional bias for a pair. That macroeconomic-related directional bias is usually dictated by recent economic activity, with factors such as unemployment, consumer spending, GDP, inflation, and several more being the reasons why trillions of dollars are traded each and every day. Therefore, coming to terms with the current economic conditioner in the countries associated with each country will help you develop a clear trading idea.

Related Articles

Over recent months, the euro has been a heavy talking point, with the ECB’s decisions causing much debate. The euro has hit major lows, and Russia’s halt to gas supplies has heightened fears about a deepening energy crisis. The euro has had a significant inverse correlation with natural gas prices in recent months. With energy prices rising, the euro has been sinking as Europe attempts to break away from Russian supplies. Furthermore, investors are expecting further rate hikes after a recent 75bps increase.

The Hungarian forint has taken some heavy blows in 2022 and was significantly impacted by Russia’s invasion of Ukraine. Many Hungarian businesses have since opted to accept the euro instead of its local currency, although Hungary is still well away from adopting the single currency. In addition, the National Bank of Hungary has been raising rates to cool prices; it recently raised its benchmark base rate by 100 basis points to 11.75%, with its borrowing costs ascending to their highest levels since May 2004.

EURHUF Technical Analysis

Fundamental analysis may be the driver of long-term prices, but technical analysis also plays a significant role in defining entries, exits, price targets, and stop losses for traders. Support levels help identify areas where price may bounce off after a significant downtrend. Levels such as 396.93 and 391.630 are potential levels for bullish investors to enter. Price has shown recent reactions to each level, which can be psychological for traders.

On the other hand, resistance levels are ideal for a potential entry point for bearish traders. These are areas traders can identify where price may react after a significant trend higher. Examples include 414.624 and 416.85. These are two previous highs of the EURHUF and a considerable level for investors looking at a sell position.

Furthermore, a moving average is another technical indicator used by traders. The 50-day moving is currently above the 100MA following this year’s bullish move. However, there is a hint it could turn over after a pullback in price, hinting at a potential near-term downtrend.

Trade EURHUF with our top brokers

Broker Features Regulator Platforms Next Step
Number One Broker BlackBull Markets LogoYour capital is at risk Founded: 2014
  • Leverage Up To 500:1
  • $200 Min Deposit
  • 60+ Tradeable Instruments
tickmill_logo-173 % of retail CFD accounts lose money Founded: 2014
73 % of retail ...
  • Ultra-fast execution from 0.1s
  • Low spreads from 0.0 pips
  • All trading strategies allowed
FSA SC MetaTrader 4, Web Trader
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • 40% New Member Bonus
  • Regulatory licenses across 5 continents
  • 24/7 trading
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
Your capital is at risk Founded: 2020
  • Impressive range of trading platforms
  • Tight spreads and low commissions
  • Excellent customer services
  • STP and ECN trade execution
- Pro Trader, MT4, MT5
vantage logoYour capital is at risk Founded: 2009
  • Leverage up to 500:1
  • $200 Min Deposit
  • Spreads from 0.0
CIMA MetaTrader 4, MetaTrader 5, WebTrader
LegacyFX LogoYour capital is at risk Founded: 2012
  • Meta Trader 5 Trading platform
  • Exclusive professional trading tools
  • Dedicated support staff during all trading hours
BaFin, CySEC, FCA, NBRB, VFSC MetaTrader 5
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Four user-friendly trading platforms
  • Consistently rater No1 for Trader Support
  • Set up by traders, for traders
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
AdroFX LogoYour capital is at risk Founded:
  • Crypto deposits possible
  • Bonus offers
  • Leverage up to 1:500
  • MT4 and Allpips platforms
FSA, VFSC MetaTrader 4, Web Trader, Social Trading Allpips, Web Platform Allpips
Your capital is at risk Founded: 2000
  • Good range of assets, such as CFDs
  • Fully regulated brokerage
  • Multi-lingual reporting
DFSA, FCA, FINMA, MFSA, only EU traders), SFC FCA (Swissquote LTD MT4, MT5, AdvancedTrader
Trade360 LogoYour capital is at risk Founded: 2013
  • Over 200 Tradeable Accounts
  • $50 no deposit bonus
  • Trading Central Insight Portal
CySEC CrowdTrading
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
  • No Minimum Deposit
  • Over 100 instruments
  • Web, desktop, mobile platform and MT4

vt markets logoYour capital is at risk Founded: 2016
Your capital is at risk Founded: 2015
  • $50 Min Deposit
  • Flexible Leverage
  • Low Min Order Values
Your capital is at risk Founded: 1991
73.05% of investors lose money when trading CFDs with FXCM
  • Enhanced Execution and pricing.
  • Award-winning trading platform
  • Free Access to Exclusive Trading Tools
- FXCM Trading Station (Web, Desktop, Mobile), FXCM MetaTrader 4, NinjaTrader
city index new75% of clients lose money. Capital at risk. Founded: 1983
  • Exceptional customer service
  • Beginner-friendly
  • Free Webinars
ASIC, FCA, MAS Advantage Web, AT Pro, MT4, WebTrader
Exness LogoYour capital is at risk Founded: 2008
  • Instant automated withdrawals 24/7
  • Commission-free Standard accounts
  • Some of the lowest spreads on the markets and stable execution
  • Unlimited leverage
  • Free VPS Hosting
CySEC, FCA, FSA, FSCA MT4, MT5, WebTerminal
Your capital is at risk Founded: 2017
SquaredFinance LogoYour capital is at risk Founded: 2016
fusion markets logoYour capital is at risk Founded: 2017

Lowest Commissions in Australia

$4.50 per lot RT

Your capital is at risk Founded: 2012
Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
  • High leverage.
  • Variety of trading tools.
  • Multilingual support.
  • Excellent range of educational tools
  • Leverage up to 1:1000
  • Spreads from 0.3 Pips
  • Only a $10 minimum deposit
FSA, FSC MT4, MT5, WebTrader, Proprietary Mobile App