EUR/HUF may rise 154 - 216 pips

Our pivot point stands at 392.89.

Our preference

The upside prevails as long as 392.89 is support.

Alternative scenario

Below 392.89, expect 391.84 and 391.23.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 393.41 and 393.17).

Supports and resistances

397.17 **

396.55 *

395.93 **

395.31

393.77 last

393.29

392.89 **

391.84 *

391.23 **

Number of asterisks represents the strength of support and resistance levels.