| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
As apparent on the chart, the EUR/HUF exchange rate failed to exceed the resistance level formed by the Fibo 23.60% at 355.21.
Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, it is likely that some downside potential could prevail in the market. In this case the pair could gain support from the Fibo 61.80% at 334.11.
It is unlikely that bulls could prevail in the market, and the exchange rate could exceed the psychological level at 370.00 in the medium term.