| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/HUF exchange rate has been declining since the middle of February when it reversed south from the Fibonacci 50.00% retracement at 320.26.
Given that the currency pair is being pressured by the 55-, 100– and 200-hour SMAs, it is likely that bears prevail in the market. Most likely, the rate reaches the lower boundary of the long-term descending channel located circa 313.00. If given channel holds, a reversal north occurs within following sessions.
If given channel does not hold, it is expected that the pair targets the Fibonacci 100.00% retracement at 310.05.