USD/HUF may fall to 338.60 - 344.04

363.51 is our pivot point.

Our preference

The downside prevails as long as 363.51 is resistance.

Alternative scenario

The upside breakout of 363.51, would call for 372.70 and 378.16.

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 361.23 and 363.35).

Supports and resistances

378.16 **

372.70 *

363.51 **

359.90

355.70 last

344.04

338.60 **

333.15 *

327.70 **

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