USDHUF has reached its bottom.

USDHUF has reached its bottom. In our opinion, the 256 Huf correction axis is expected to slow. It can take up to several days. After that, you can reach the second correction level at 269.24 with a bit more momentum. There is still low traffic at this location and a slight increase, a bigger back correction breaks the impetius. After that, we are expecting a much larger increase in trading, which may raise the exchange rate to our target at 283,78 Huf. Here we would close our USDHUF long position.