The forint has reached a 15-month high, but the direction is uncertain
As we indicated in our technical analysis yesterday morning: The EUR/USD is already overbought on the weekly chart (the USD is overbought according to the RSI), so it is uncertain whether the USD will fall further with the intensity seen. far.
This is also important for the prospects of the forint, which has reached a new 15-month high of 332 against the dollar, but as we pointed out: the area 329-330 is a very strong support in USDCHF, that is, it is a hurdle for the time being in the way of a rally other than forint.
Yesterday, the forint dropped surprisingly from 373 to 374.5 against the euro during the day, and part of it was working until the evening, and this morning the trading is around 374. Strong support in the EURCHF).
This afternoon, US industrial and retail production data will be released, which can have a significant impact on the dollar exchange rate if they want to change the course of the interest rate, so it’s worth watching:
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