EURHUF 1D MA50 makes all the difference between a buy and a sell

The EURHUF pair is on a peculiar Ascending Triangle pattern, currently supported by the 1D MA50 (blue trend-line) near the Higher Lows. The 1D RSI is on a Higher Lows trend-line of its own and as long as those hold, we are bullish, targeting 394.6500 (Resistance 1). If a 1D candle breaks and closes below the 1D MA50, we will take the small loss and open a sell instead, targeting first Support 1 (382.7500) and eventually 378.35 (Support 2).

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