USDHUF Daily Forecast Apr 16 2014

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    The USDHUF maintained a bullish momentum yesterday, printed support at the 221.88 levels. This development leaves the pair targeting the 225.60 levels, a halt is likely, but a break would open 227.50 next, further upside will aim the 229.50 levels.

    On the downside, support comes at the 220.70 levels ahead of 221.88 ( main), stability above support levels will keep the bullish momentum intact, however ; losing the 221.88  levels on a daily basis  will turn outlook neutral for retesting the 220.00 / 219.30 levels before the next possible rise, a cut will open 218.45/217.50 levels.

    In all, as long as support 221.88  holds on a daily closing basis, the USDHUF will remain biased to the upside towards the 224.25/225.60 levels ahead of the 227.50 levels, losing the 221.88  levels will reverse risks towards the 220.00/219.30  levels …

     

    USDHUF Daily Forecast Apr 16 2014

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