| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The EUR/HUF currency pair has been trading in the descending channel since the beginning of September.
Currently, the exchange rate is testing the upper channel line located circa 324.00. Given that the pair is being supported by the 55-, 100– and 200-hour SMAs, most likely that that a breakout north occurs in the nearest future. Potential upside target is the Fibonacci 23.60% retracement at 325.65. Technical indicators for both short and long terms support bullish scenario.
However, if given channel holds, it is expected that a reversal south occurs within following sessions. In this case the rate targets the Fibonacci 50.00% retracement at 320.26.