Today's EUR to HUF Price Update

Summary

This report provides the real-time exchange rate between the Euro (EUR) and Hungarian Forint (HUF), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Euro (EUR) is one of the world’s most important fiat currencies, while the Hungarian Forint (HUF) represents the currency of Hungary. The exchange rate between them reflects market dynamics in the Eurozone and Hungarian economies, as well as investor sentiment toward regional monetary policies.

Today’s Price

• 1 EUR = 381.79 HUF
• 24h High: 382.15 HUF
• 24h Low: 381.55 HUF

Market Analysis

The EUR/HUF exchange rate has been in an uptrend since mid-2023, reflecting a broader structural shift in the currency pair dynamics.

• Technical levels: Key support zones at 379.89, 379.27, and 378.35 HUF; resistance levels at 381.43, 382.35, and 382.97 HUF
• Technical indicators: Oscillators show a neutral overall rating, while Moving Averages indicate a strong sell signal. RSI indicator is oversold (under 30), MACD crosses up its Moving Average, and CCI indicator is oversold (under -100)
• Risk note: The mixed technical signals suggest potential volatility; traders should monitor oversold conditions for possible reversals
• Trading opportunities: Watch for potential bounce opportunities near support levels, particularly around 379.89 HUF, while being cautious of resistance at 382.35 HUF

Conclusion

Continue to monitor the EUR/HUF pair closely, integrating technical indicators with market sentiment. The combination of oversold conditions and uptrend structure presents both risks and opportunities for traders to consider in their strategy development.