EURHUF Daily Forecast Apr 08 20214

    EURHUF min
    EURHUF min

    The EURHUF continued its bearish momentum the past few days as suggested last week , stability below the 308.11 levels pushed the pair towards the first assumed target around 306.17 levels , next support comes at the 303.77 levels , a halt is likely , but losing this level would open 301.77 next , further downside will aim the 301.00 levels.

    On the upside , resistance comes at the 308.11 levels , stability below this level will keep the pair under pressure , but break of 308.11 on a daily closing basis will turn outlook neutral for retesting the 310.63 levels before the next fall , to reverse risks to the upside , 310.63 should be taken out on a daily basis , If seen , the pair would recapture the 313.18 levels where a breach will turn focus on the 315.34 levels.

    In all , as long as resistance 308.11 holds on a daily closing basis , the EURHUF will remain under pressure with risk towards the 303.77 levels ahead of the 301.77 levels , break of 308.11 levels will turn outlook neutral for retesting the 310.63 levels before the next fall……

     

    EURHUF Daily Forecast Apr 08 20214

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