USD/HUF may fall to 337.85 - 343.37

Our pivot point is at 362.80.

Our preference

The downside prevails as long as 362.80 is resistance.

Alternative scenario

Above 362.80, look for 372.10 and 377.63.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 360.65 and 363.16).

Supports and resistances

377.63 **

372.10 *

362.80 **

359.15

355.07 last

343.37

337.85 **

332.34 *

326.82 **

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