EUR/HUF may rise 139 - 189 pips

Our pivot point is at 396.37.

Our preference

Rebound towards 399.10.

Alternative scenario

Below 396.37, expect 395.53 and 395.04.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 397.26 and 397.68).

Supports and resistances

400.10 **

399.60 *

399.10 **

398.60

397.21 last

396.69

396.37 **

395.53 *

395.04 **

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