EUR/HUF may rise to 400.94 - 404.08

Our pivot point stands at 387.82.

Our preference

Our next up target stands at 404.08.

Alternative scenario

Below 387.82, expect 382.59 and 379.47.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 392.09 and 392.08).

Supports and resistances

410.36 **

407.22 *

404.08 **

400.94

394.40 last

389.88

387.82 **

382.59 *

379.47 **

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