EUR/HUF to advance nicely towards the 378.00 level – SocGen

The EUR/HUF pair is currently trading below the 370.00 level. However, it should grind higher  towards 375.00 and 378.00, in the opinion of economists at Société Générale.

Further upside expected

“EUR/HUF has broken out from the year-long consolidation which points towards further upside. It should gradually head higher towards projections of 375.00 and 378.00.”

“November low of 358.50 is near-term support.”