EURHUF: Strong long opportunity on the 1W Channel Up.

Lång

EURO / HUNGARIAN FORINT (FX_IDC:EURHUF)

FX_IDC:EURHUF EURO / HUNGARIAN FORINT

trendanalysis chartpattern indicator eurhuf eur huf euro hungarianfiorint forex currencies currency currencytrading

The pair has been trading on a very strong and steady 1W Channel Up since April and has just hit the Higher Low supporting trend line (RSI = 53.917, MACD = 2.461, ADX = 44.042, Highs/Lows = 0.0000). This makes it an automatic buy opportunity for us, especially since the RSI on the 1D time frame nearly hit 30.000 and rebounded. Our Target Zone is 338.000 - 340.000.

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