Trade Alert
Keep a close eye on the 322.25 zone, a break of it could open the path towards the low of the 8th of August at around 319.00 level. Further declines could lead to 316.80-316.40 support area. But once again, we will consider this scenario only if we get a break and a close below the 322.25 zone.
Certainly, the pair could continue traveling higher up until the 325.85 level, where EURHUF could test from underneath the short-term upside support line that it broke through on the 27th of July.
For now, we will stay away from entering any BUY positions, but we would consider the SELL-side if our criteria is met.
Don't forget to put your SL.
Keep a close eye on the 322.25 zone, a break of it could open the path towards the low of the 8th of August at around 319.00 level. Further declines could lead to 316.80-316.40 support area. But once again, we will consider this scenario only if we get a break and a close below the 322.25 zone.
Certainly, the pair could continue traveling higher up until the 325.85 level, where EURHUF could test from underneath the short-term upside support line that it broke through on the 27th of July.
For now, we will stay away from entering any BUY positions, but we would consider the SELL-side if our criteria is met.
Don't forget to put your SL.