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 the primary fiat currency of the European Union member states, while the Hungarian Forint (HUF) is the national currency of Hungary. The exchange rate between them reflects market sentiment regarding the relative strength of these currencies and investor confidence in the eurozone and Hungarian economies.

Today’s Price

• 1 EUR = 386.3 HUF
• 24h High: 386.5386 HUF
• 24h Low: 386.0924 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 at 385.071 HUF, with accumulated volume support noted at 382.66 HUF
• Risk note: The EUR/HUF currency pair, as an exotic pair, is susceptible to volatility and can experience significant price swings
• Trading opportunities: Monitor support levels for potential buying opportunities, as upward reactions can be expected when support holds

Conclusion

Continue to monitor the EUR/HUF pair closely, integrating technical support and resistance levels with market sentiment to develop a sound trading strategy and capitalize on emerging opportunities.