USD/HUF may fall 163 - 241 pips

Our pivot point stands at 354.13.

Our preference

Technical rebound towards 354.13 before a new drop.

Alternative scenario

The upside breakout of 354.13, would call for 355.45 and 356.23.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (352.04) but below its 50 period moving average (352.28).

Supports and resistances

356.23 **

355.45 *

354.13 **

353.62

352.27 last

350.64

349.86 **

349.08 *

348.30 **

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