| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Neutral | Sell | Neutral |
| SAR (0.02; 0.2) | Buy | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Euro has been depreciating gradually against the Hungarian Forint since the end of November when the currency pair reversed from the upper boundary of short-term descending channel at 324.75.
As apparent on the chart, the exchange rate is trading near the upper channel line located circa 323.20. Two scenarios likely. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs located at 321.51, it is expected that a breakout north occurs within following trading sessions. A possible upside target is the psychological level at 324.00.
Otherwise, it is likely that a reversal occurs in the nearest future. In this case, the pair targets to surpass the psychological level at 321.00.