| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/HUF exchange rate has been trading upwards within a rising wedge pattern since the end of June.
From a theoretical perspective, it is likely that the currency pair could continue to extend gains within the given pattern within the following trading sessions. Then, a breakout south could occur, and the pair could decline to the Fibo 38.20% at 347.15.
On the other hand, it is likely that the exchange rate could trade sideways between the Fibos 0.00% and 23.60%, located at 368.25 and 355.21 respectively.