EUR/HUF to rebound from 356.00 towards the 369.20/50 zone – SocGen

EUR/HUF has pulled back after achieving a peak of 366.90 late last month. However, economists at Société Générale expect the pair to move back higher towards the 369.20/50 region.

Downside limited

“A large downside is not envisaged; daily Ichimoku cloud near 356.00 should provide support.”

“The pair could gradually inch higher towards the upper band of recent consolidation zone at 369.20/369.50.”