Analysts at Credit Suisse believe that it still makes sense to hold a medium-term strategy of buying EUR/HUF on dips rather than shifting to a forint-bullish strategy that involves selling the pair on spikes. Key quotes “We currently see value in buying EUR/HUF on dips below 348 with an initial target of 365.” “We suspect that a decline in EUR/HUF to our buying level will also suggest that many of the long EUR/HUF positions that have been in place over the past weeks will have been unwound.” “At these levels positioning is unlikely to be a major obstacle for long EUR/HUF positions.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF recovers from two-week lows, trades above 0.9650 ahead of US data FX Street 2 years Analysts at Credit Suisse believe that it still makes sense to hold a medium-term strategy of buying EUR/HUF on dips rather than shifting to a forint-bullish strategy that involves selling the pair on spikes. Key quotes “We currently see value in buying EUR/HUF on dips below 348 with an initial target of 365.” “We suspect that a decline in EUR/HUF to our buying level will also suggest that many of the long EUR/HUF positions that have been in place over the past weeks will have been unwound.” “At these levels positioning is unlikely to be a major obstacle for long… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
