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 official currency of the European Union member states, while the Hungarian Forint (HUF) is the currency of Hungary. The EUR/HUF exchange rate measures the value of one Euro in Hungarian forints, reflecting both the relative strength of the Eurozone economy and market dynamics in the Hungarian financial markets.

Today’s Price

• 1 EUR = 384.92 HUF
• 24h High: 384.85 HUF
• 24h Low: 384.52 HUF

Market Analysis

The EUR/HUF currency pair, classified as an exotic pair, exhibits notable volatility and presents trading opportunities for investors seeking portfolio diversification.

• Technical levels: Key support identified at 382.66 HUF, with additional support at 385.18 HUF; resistance levels noted at 385.62 HUF
• Risk note: As an exotic currency pair, EUR/HUF is susceptible to volatility and may experience sharp price movements
• Trading opportunities: Monitor the support level at 382.66 HUF for potential buying opportunities when an upward reaction is anticipated

Conclusion

Continue to monitor the EUR/HUF pair closely, utilizing support and resistance levels as core technical analysis tools to guide trading decisions. Traders should remain vigilant regarding volatility inherent to exotic currency pairs and adjust position sizing accordingly.