Euro vs Forint gains as bullish signals persist despite lack of direct eurozone news

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Euro vs Forint rises 0.55% today

Highlights

US Treasury signals robust war funding capacity against Iran, seeking congressional approval for additional munitions spending with no immediate tax hikes planned.
President Trump maintains a flexible response posture as US-Iran tensions persist, with no new eurozone or Hungarian central bank measures materially affecting forex direction.
EUR/HUF trades with sustained bullish momentum above key moving averages; expect consolidation in the 392.000 Ft to 397.500 Ft range, but overbought signals warn of short-term downside risk.

US war funding reassurances and limited eurozone impact drive sentiment

Between March 22 and March 23, 2026, multiple news sources reported on comments by US Treasury Secretary Scott Bessent regarding the government's ability to fund the ongoing war against Iran. Bessent stated that the United States has 'plenty of money' for military operations and that the administration is seeking additional funding from Congress to maintain a strong supply of munitions. He also ruled out any immediate tax increases to finance these efforts. President Donald Trump was described as keeping 'all options on the table' as tensions between the US and Iran continue. No new reports specifically from the eurozone or Hungary central banks, major policy statements, or direct economic data affecting the euro or forint have been published within the relevant timeframe.

Uptrend holds as key support and momentum indicators remain strong

The technical picture for EUR/HUF remains robust: the exchange rate stands well above the MA-20, MA-50, and MA-200, indicating a persistent bullish bias in the short, medium, and long term. The Ichimoku Kijun level at 387.253 Ft establishes immediate support. On the daily chart, momentum indicators such as MACD (Strong Buy) and ADX (Buy, 26.731) reinforce the favorable trend, while RSI (59.236, Buy) and CCI (65.742, Buy) confirm moderately bullish conditions without strong overbought alerts. Stoch RSI and BBP (2.491, Overbought) signal overbought territory, and the Awesome Oscillator (Buy) supports the uptrend, with price action near the upper range for the day amid moderate volatility.

Short-term consolidation risk grows amid moderate upside probabilities

Looking ahead to the next five trading days, EUR/HUF is expected to fluctuate within a volatility band of 392.000 Ft to 397.500 Ft. While positive momentum remains, the probability of further price increases is moderate, but signals on the W1 timeframe suggest a tilt toward short-term consolidation or a possible pullback. A sustained move above 397.500 Ft would reinforce the uptrend, while a break below 392.000 Ft could result in a short-term correction.

Anton Kharitonov, analyst at Traders Union, notes that EUR/HUF shows strong bullish momentum above key moving averages and robust technical support. He sees that despite positive price action, there is a lack of fresh macro news or fundamental shifts from the eurozone or Hungary, while US-Iran conflict news dominates sentiment. The analyst remains cautious given overbought signals and potential for short-term consolidation or pullback. "Base case remains bullish above 392.000 Ft, but I'm not chasing further gains unless 397.500 Ft is cleared with conviction."

In a recent review, analysts highlighted a persistent bullish structure for EUR/HUF driven by strong technical signals and ongoing regulatory developments in the Eurozone. The latest analysis confirms this bullish momentum and advises traders to monitor the 397.500 Ft level as a decisive threshold for either further upside extension or a near-term corrective move.

Source of Data: EUR Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.