EUR/HUF muted around 310.00 post-NBH

The Hungarian forint remained apathetic after the NBH decision today, with EUR/HUF hovering over the 310.00 handle.

EUR/HUF steady on NBH

The cross kept the composure after the Hungarian central bank (MNB) has left unchanged its benchmark rate at 0.90% at its meeting today, matching the broad consensus.

The cross is looking to extend its 2-session positive streak today, navigating in the middle of the range between last week’s tops near 311.80 and recent lows in the mid-308.00s.

EUR/HUF relevant levels

At the moment the cross is gaining 0.01% at 310.51 facing the next hurdle at 311.77 (high Aug.17) followed by 312.87 (200-day sma) and then 313.21 (55-day sma). On the other hand, a breakdown of 308.54 (low Aug.16) would expose 308.12 (low Apr.21) and finally 306.38 (2016 low Feb.22).