USD/HUF may fall 193 - 262 pips

Our pivot point stands at 361.78.

Our preference

Eye 358.17.

Alternative scenario

Above 361.78, look for 362.94 and 363.63.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under its 20 period moving average (361.03) but above its 50 period moving average (360.78).

Supports and resistances

363.63 **

362.94 *

361.78 **

361.33

360.79 last

358.86

358.17 **

357.48 *

356.79 **

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