| 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) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The EUR/HUF currency pair has been trading upwards since the middle of June after it reversed north from the support level—the Fibonacci 50.00% retracement at 320.26.
Currently, the exchange rate is trading at the 325.00 level. Given, that the rate is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 325.55/326.35 range, it is likely, that some downside potential could prevail in the market. Important support level to look out for is the Fibonacci 38.20% retracement at 322.67.
If the given support holds, it is expected, that a reversal north could follow. It is unlikely, that the rate could exceed the 328.50/331.00 range due to the ascending trend line.