Daily: After almost perfect Kijun retest Price fall back to and horizontal Key support. DMI opened back to , but this is less relevant until is decreasing. almost crossed , but back to flat. SLST up, then down, no reliable information now.
In terms of this pair had some bias so far, but if fails to clear the previous key ard 304-305, it can quickly become sideaway again, and might even reverse up. The flattening of averages may point towards this scenario too. All lines are getting flat, which means EURHUF is loosing both short and longer term momentum.
4 Hrs: We had a false break last week, Price dipped back below Kumo. Tenkan/Kijun made a medium cross, but still Chikou Span could not cross back below Price candles. After reaching previous low, there was no follow through, so it dod not have a lower low, and SLS turning back up. It is a big question here if we'll see a double bottom? If the answer will be yes, then on next break attempt EURHUF will really tgt 312-312,50
Lower support is 305, upper resistance is 308.
Basically we have to watch this 4 Hrs triangle in next few days. If it breaks there will be a quick move in the direction of the break.