Hi Traders!
EURHUF is moving in a strong long channel. The price is now at an important demand area and a psychological level around 329-330. Nevertheless it seems to me that we have the the similar setup as at the previous low in the channel (bullish hidden and regular rsi divergences) .Nevertheless both fundamentals and technicals aresupporting longs. It can also be a double top, but I think it will not be a reversal pattern now.
Regards,
Adam
EURHUF is moving in a strong long channel. The price is now at an important demand area and a psychological level around 329-330. Nevertheless it seems to me that we have the the similar setup as at the previous low in the channel (bullish hidden and regular rsi divergences) .Nevertheless both fundamentals and technicals aresupporting longs. It can also be a double top, but I think it will not be a reversal pattern now.
Regards,
Adam
Trade closed: target reached