| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
At the beginning of April, the EUR/HUF exchange rate reversed south from the 368.00 level.
Note that the currency pair is pressured by the 55-, 100-and 200-hour moving averages in the 358.75/362.25 area. Thus, some downside potential could prevail in the market. In this case the pair could decline to the support level formed by the Fibo 61.80% and the monthly S1 at 334.50.
On the other hand, it is likely that the exchange rate could gain support from the Fibo 38.20% at 347.40 and trade sideways in the medium term.