| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Last week, the EUR/HUF currency pair managed to breach strong support level—the Fibonacci 61.80% retracement at the 1.1153 mark.
Note, that the pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 1.1100/1.1122 range. Thus, it is likely, that some downside potential could prevail in the market. Important support levels to look out for are the monthly S2 and S3, located at 1.0996 and 1.0821 respectively.
However, note, that the exchange rate is supported by the monthly S1 at the 1.1089 mark. If the given support level holds, it is expected, that the rate could reverse north and reach the upper boundary of the long-term descending channel located in the 1.1300/1.1350 range.