EUR/HUF Set to Tumble

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After a long-term bullish trend, we see the market as overextended and would look for entries now to the short side. 

With a stop loss above 339.00, we could see the Forint getting some traction towards the 330.00 area, where we would see major support. Profit-taking, as well as a weaker Euro overall, could boost demand in the Hungarian currency.

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