7640788 7/12/2017 5:07 PM, EUR/HUF intraday: the downside prevails as long as 307.99 is resistance


Our pivot point is at 307.99.


Our preference

: the downside prevails as long as 307.99 is resistance.


Alternative scenario

: the upside breakout of 307.99, would call for 308.51 and 308.82.


Comment

: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 307.70 and 307.77).


Supports and resistances

:

308.82 **

308.51 *

307.99 **

307.79

307.55 last

306.91

306.60 **

306.29 *

305.98 **