EUR/HUF may rise 105 - 150 pips

Our pivot point stands at 399.03.

Our preference

Rebound towards 401.35.

Alternative scenario

Below 399.03, expect 398.28 and 397.83.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 399.94 and 400.27).

Supports and resistances

402.25 **

401.80 *

401.35 **

400.90

399.85 last

399.32

399.03 **

398.28 *

397.83 **

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