FX.co ★ Analytics EURHUF | Euro (EUR) to Hungarian Forint (HUF) Rate in the Forex market

Given that the euro is under downward pressure, if a pullback towards the upper band of the downtrend channel occurs in the coming hours, it will be seen...

EUR/USD is trading around 1.1905 within the uptrend channel formed since early February. We can see that the euro is consolidating around 1.1900 and is likely to reach 6/8 Murray...

The Eagle indicator is showing a negative signal, so we could expect a strong resistance zone below the 6/8 Murray to sell the euro with targets at the 5/8 Murray...

If the euro encounters strong rejection below the 5/8 Murray, it will be seen as an opportunity to open short positions with targets at the 4/8 Murray located at 1.1718...

A sharp break of the uptrend channel and consolidation above 1.1840 could be seen as a clear signal to buy with targets at 1.1962, where the 6/8 Murray is located...

EUR/USD is trading at 1.1949 within the trend channel formed since January 9 and consolidating within this channel, awaiting a technical rebound during which the instrument could reach the 7/8...

If the euro consolidates within the uptrend channel, it is expected to continue its upward path in the coming hours and could reach 1.1840 in the short term...

In case of a technical rebound above 1.1596 or 1.1555, it will be seen as an opportunity to open long positions with targets at 1.1657, where Murray's 3/8 is located...

If the euro reaches 2/8 Murray or the bottom of the downtrend channel in the coming hours, we could expect this area to be a good point to open long...

The Eagle indicator is showing a positive signal, so our trading plan for the coming days will be to buy the euro around 1.1620 or 1.1596. Above this zone...