| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The EUR/HUF currency pair has been testing the upper boundary of the long-term descending channel located circa 324.70 since the beginning of May.
From a theoretical point of view, it is expected, that a reversal south could occur in the nearest future. A possible downside target is the support level formed by the Fibonacci 50.00% retracement at 320.26.
However, note, that the exchange rate is supported by the 55-, 100– and 200-hour SMAs. Thus, if the given channel does not hold, a breakout north could occur within the following trading sessions. The pair could reach the Fibonacci 0.00% retracement at 330.47.