The Hungarian Forint has been on quite a run, but lately failing to make significant new lower lows on the EURHUF chart, signalling the bears are running out of steam. It’s also trading near major support zone. On the fundamental side, the national bank of Hungary are likely to start cutting interest rates slowly but steadily. I’m expecting the Forint to start depreciating and my target is the psychological level of 400 to be tested in 1-2 months time.