Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 12:57 (GMT) 21 Aug
EUR/HUF is probing below 275 on the back of expectations that the ECB will reduce the costs of borrowing for Eurozone peripherals. While there is major risk that the markets end up disappointed with the size of ECB bazooka, which will not solve the underlying problems anyway, the breakout from the recent range leaves EUR/HUF exposed to further losses with the 18 July high at 273.30 as next potential target. PM







