FOREXCOM:EURHUF Euro / Hungarian Forint
EURHUF is expected to rise. The analysis shows that the amplitude of the correction wave sequences is the same (white square). It can also be said that the amplitude of the ascending wave sequences formed after the corrections is doubled. Therefore, I assume that the current system of rules can remain. The forint has embarked on a significantly weakening path. If this statement is correct, the next EURHUF target price is 400HUF
Comment: Comment. The hand-drawn area shows the last correction wave sequence before exiting. It can also be seen with the naked eye that the amplitude of the correction sequence before the currently exiting ascending wave sequence is twice the previous correction sequence. As a consequence, the current rising wave structure may be double that of the previous rising wave structure.