EUR/HUF may rise 91 - 136 pips

Our pivot point is at 392.27.

Our preference

As long as 392.27 is support look for 394.42.

Alternative scenario

Below 392.27, expect 391.51 and 391.05.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 392.89 and 391.97).

Supports and resistances

395.33 **

394.88 *

394.42 **

393.97

393.06 last

392.57

392.27 **

391.51 *

391.05 **

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