From now on HUF will be very vulnerable to any local or global risk, and very volatile too.
Daily: Price is reaching a key resistance ard 315 - 315,25. It can even spike above that a bit, but given the Slow (which in case of EURHUF is a really great indicator) we'll likely see a quick pullback from these 314-315 levels to ard 310. Actually it is not impossible that we'll see the same kind of choppy volatile trading that we had in Jan-March, but the base will be higher 310-311.
4 Hrs: trending, but is very high, and is above DI+ now. It will need to correct down soon. Support is 310-310,50.
Strategy: Only for those who are long still. I'd partially take profit (more clips) in 314 - 316 area, wait for a pull back and rebuy closer to 310.
Important Note: This ccy is only for those who have any real exposure to Hungary. EURHUF is really illiquid with relatively wide bid/offer, and can become extremely volatile too. Hard to place entry and stops, or at least ATR based position sizing has to be adjusted often.
New short term sell signal: 1 Hr time frame bearish Kumo breakout sets up, needs confirmation with clearing 312,50 first key Support. DMI bearish with increasing ADX.
4 Hrs: weak bearish Tenkan/Kijun cross developing
Daily: Slow Stoch sell signal!
Take full profit on EURHUF longs. I open short 0,5 unit at 313. Tgt 310, SL 314,25