EUR/HUF may fall to 379.07 - 382.80

Our pivot point stands at 396.75.

Our preference

Eye 379.07.

Alternative scenario

Above 396.75, look for 403.04 and 406.79.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (394.12) but above its 50 period moving average (391.11).

Supports and resistances

406.79 **

403.04 *

396.75 **

394.27

391.16 last

382.80

379.07 **

375.34 *

371.60 **

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