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AUDUSD collapsed in today’s session.
EURUSD | H4 | ||
Resistance | 1.1563 | 1.1593 | 1.1651 |
Support | 1.1475 | 1.1417 | 1.1387 |
Primary Scenario | EURUSD surged into fresh grounds in the previous session. If the pair manages to extend its momentum, it will climb towards the resistance level at 1.1563 and further up to 1.1593. | ||
Alternative Scenario | A correction course would push prices to find support at the daily pivot (1.1505) and then lower at 1.1475. RSI supports this scenario. |
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Source:: AUDUSD collapsed in today’s session.