After breaking below prev. range bottom, EURHUF
started a new consolidation phase within the daily Kumo. Since daily Slow Stoch
is oversold and will be turning to bullish
soon, I recommend to close all shorts and start looking to accumulate small contra longs in 306-307,50. (stops to be placed below 305). I expect a wave up to 310-311 levels next. Maybe it can go to 312 as well, but the Kumo is thick, and as I wrote before in the last post, the Ichimoku
setup has changed on the daily, so I do not expect the rally to last for long.