EUR/HUF may rise 145 - 207 pips

Our pivot point stands at 394.61.

Our preference

Rebound towards 397.60.

Alternative scenario

Below 394.61, expect 393.57 and 392.95.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (395.44) but under its 50 period moving average (395.62).

Supports and resistances

398.85 **

398.22 *

397.60 **

396.98

395.53 last

395.02

394.61 **

393.57 *

392.95 **

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