Soon, I have to buy some euro, and I have decided to make some analysis on it.
Hope it will be helpful to you.
As the title said, we have some contentious signs. The price is stuck between the S1 and P-Pivot points. The MACD indicator shows weakening bearish momentum, but the RSI indicates that we will have continuation downwards.
At this point it could be...
Historic over sold on weekly only one time it did not increase 3-7% after it hit these levels of over sold. It broke a 3 touch point decending resistance. On the gbphuf and usdhuf it made a higher high. And huf have 5% inflation with historically having very bad inflation problems.
Hurray, my friends🔥
There is one more interesting formation for today.
Ascending Triangle on EUR/HUF currency pair.
There was a strong and confident bullish sentiment before.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
So follow the chart and look for the breakout carefully....
I see both technically and fundamentally and increasing chance of EUR breaking to the upside of this ascending triangle.
record high covid contamination (regionally and historically),
Orban's Fidesz leaves EPP,
Here is the one more trade for you!
There is an ascending triangle on EURHUF currency pair.
There was a slight bearish trend on bigger frame and now the price is in consolidation.
According to Elliott Waves theory all the waves are done and the price is heading to breakout.
So follow the chart and look for the breakout carefully.
If you enjoy my FREE...