USDHUF Daily Forecast Mar 24 2014

    The USDHUF maintained a bullish momentum last Friday, bottomed at the 225.67 levels and topped at the 227.36 levels. This development leaves the pair targeting the 228.75 levels, a halt is likely, but a break of the 228.75 levels will turn the focus on the 230.50 levels, further upside will aim the 232.50 levels.

    On the downside, main support comes at the 225.67 levels, stability above this level will keep pushing towards the 227.36 levels, break of 227.36 will resume the upwards move. But losing the 225.67 levels on a daily closing basis would weaken the current bullish run for retesting the 224.00/222.20 levels before the next rise.

    In all, as long as support 225.67 holds on a daily closing basis, the USDHUF will remain biased to the upside towards the 228.75 levels, below the 225.67 will reverse risks towards the 224.00/222.20 levels before the next possible rise…

    USDHUF Daily Forecast Mar 24 2014

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