Trade Alert
EURHUF will have to decide soon on the future direction.
If this continues pushing lower and we eventually see a break of the short-term upwards moving trendline, taken from the 20th of April, then we could see further declines. A break below the 318.30 level could lead to 316.40.
If the aforementioned upwards moving trendline holds and the pair reverses to the upside, then we could aim for the 320.85 level again, a break of which, opens the path towards the 322 area.
Never forget your SL!
EURHUF will have to decide soon on the future direction.
If this continues pushing lower and we eventually see a break of the short-term upwards moving trendline, taken from the 20th of April, then we could see further declines. A break below the 318.30 level could lead to 316.40.
If the aforementioned upwards moving trendline holds and the pair reverses to the upside, then we could aim for the 320.85 level again, a break of which, opens the path towards the 322 area.
Never forget your SL!