EUR/HUF Slides Below Key Moving Averages Amid Ongoing Weakness

The EUR/HUF exchange rate has been experiencing a sideways movement as it holds support at Ft361.167, according to Traders Union.

Currently trading at Ft362.982 after a modest decline today, the pair remains below its key short- and long-term moving averages, indicating ongoing weakness in the near-term trend.

The European Central Bank (ECB) raised interest rates twice in 2026 to control oil-driven inflation, tightening monetary policy in the euro area.

This policy tightening has reduced the EUR's appeal against the HUF, making it challenging for EUR/HUF performance.