USDHUF Daily Forecast Apr 08 20214

    The USDHUF declined this early morning, breached below the 222.18 levels as suggested last week, outlook remains on the downside, stability below the 222.18 levels will keep the pair under pressure, next support comes at the 220.91 levels, a halt is likely, but a breach will open the 218.46 levels , further downside will aim the 217.49 levels.

    On the upside, stability above the 222.18 levels will turn outlook neutral for retesting main resistance at the 224.15 / 224.60 levels before  the next fall, to reverse risks to the upside , 224.60 should be taken out on a daily closing basis , If seen, the pair will target the 227.54 next , this level is likely to provide strong resistance , but If 227.54  fails , expect the pair to strengthen further towards the 228.50/229.50 levels, further upside will aim the 231.00/232.70 levels…

    In all , as long as resistance 222.18 holds on a daily basis , the USDHUF will remain under pressure with risk towards the 220.19 levels ahead of the 218.49 levels , break of the 222.18 levels on a daily basis will turn outlook neutral for retesting the 224.60 levels , but overall outlook will remain bearish below the 224.60 levels….

     

    USDHUF Daily Forecast Apr 08 20214

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