| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The EUR/HUF currency pair reached the upper boundary of the long-term descending channel located circa 323.00 at the beginning of April.
As apparent on the chart, the pair has already reversed south from the given boundary. From a theoretical point of view, it is expected, that the exchange rate targets the lower channel line located circa 312.00.
However, the rate has to surpass the support level formed by the Fibonacci 61.80% retracement at 317.85. If the given support holds, it is likely, that the pair re-tests the upper channel line.