| 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 | ⇘ | ⇒ | ⇗ |
[ANNOUNCE] 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. [/ANNOUNCE]
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.