USD/HUF may rise 181 - 255 pips

366.19 is our pivot point.

Our preference

The upside prevails as long as 366.19 is support.

Alternative scenario

The downside breakout of 366.19 would call for 364.94 and 364.20.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 366.81 and 366.66).

Supports and resistances

371.33 **

370.59 *

369.85 **

369.11

367.30 last

366.68

366.19 **

364.94 *

364.20 **

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