EUR/HUF may rise to 403.85 - 408.21

388.14 is our pivot point.

Our preference

The upside prevails as long as 388.14 is support.

Alternative scenario

Below 388.14, expect 380.84 and 376.49.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 393.01 and 390.42).

Supports and resistances

416.93 **

412.57 *

408.21 **

403.85

394.52 last

391.01

388.14 **

380.84 *

376.49 **

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