Forint strengthened sharply against the Euro on Tuesday after the National Bank of Hungary unexpectedly lifted interest rate by 185 bp to 7.75%, while markets expected only 50 bp rise to 6.40%.
EURHUF pair weakened after the decision, and if current sentiment prevails downward move may accelerate to 391.15 which coincides with lower limit of the ascending channel and 23.6% Fibonacci retracement of the last upward wave. Source: xStation5
3 markets to watch next week: GBPUSD, US500, OIL (06.11.2026)
🚩 EURUSD loses 0.6%
Market Wrap: Weak Europe, AI Debt, and Awaiting US Data
EURUSD loses ground ahead of NFP