USD/HUF may fall 174 - 246 pips

Our pivot point is at 359.29.

Our preference

Eye 355.82.

Alternative scenario

Above 359.29, look for 360.49 and 361.20.

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 is below its 20 period moving average (358.61) but above its 50 period moving average (358.15).

Supports and resistances

361.20 **

360.49 *

359.29 **

358.82

358.28 last

356.54

355.82 **

355.11 *

354.40 **

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