EUR/HUF may rise 130 - 184 pips

388.84 is our pivot point.

Our preference

The upside prevails as long as 388.84 is support.

Alternative scenario

Below 388.84, expect 387.93 and 387.39.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 389.42 and 389.31).

Supports and resistances

392.73 **

392.19 *

391.65 **

391.11

389.81 last

389.19

388.84 **

387.93 *

387.39 **

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