| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇒ |
As apparent on the chart, the EUR/HUF currency pair pierced the Fibo 23.60% at 335.21, however, failed to exceed the 357.50 level.
Given that the exchange rate is supported by the 200-hour moving average near 352.00, it is likely that some upside potential could prevail in the market. In this case the rate could target the psychological level at 368.25.
Meanwhile, note that the currency pair would have to exceed the given Fibo. If the predetermined level holds, it is likely that a reversal south could occur. Note that the pair could gain support from the Fibo 50.00% at 340.63.