{
  "id": 9134346,
  "title": "Hungarian Forint: Key 360 area supports consolidation against Euro – Societe Generale",
  "url": "https://urgent.news/2026/09/22/hungarian-forint-key-360-area-supports-consolidation-against-euro",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T11:24:08.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/hungarian-forint-key-360-area-supports-consolidation-against-euro-societe-generale-202609221124"
  },
  "original_language": "en",
  "account": "Societe Generale analysts have noted that the EUR/HUF currency pair is consolidating above the 360 area after dipping to near 348 in June. They believe a breakout above the 200-day moving average at 370/371 is necessary to confirm a larger upward trend. The recent low at 359 serves as a crucial support level; however, a break below this and the 359 pivot low may signal further declines. Hungary's central bank is expected to keep the policy rate unchanged at 5.50% in today's decision, despite factors like higher energy prices, a stronger dollar, and tightening monetary policy in the US and Europe reducing maneuverability for Hungary. Analysts anticipate a potential reduction in Hungary's inflation target from 3.0% to 2.5%, signaling the country's long-term commitment to Eurozone convergence. The base case for policy easing in Hungary is a resumption in December, gradually lowering the rate to 4.50% next year.",
  "summary": "Societe Generale analysts describe EUR/HUF as consolidating above the 360 area after an interim low near 348 in June. The pair is capped by the 200-day moving average at 370/371, with a breakout above this zone needed to confirm a larger up-move.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Euro area debt bourses face risk drag from Paris debt trajectory",
        "url": "https://urgent.news/2026/09/22/euro-area-debt-bourses-face-risk-drag-from-paris-debt-trajectory",
        "published": "2026-09-22T08:04:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}