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AUDUSD: Daily pivot and key resistance cleared.
Posted On 21 Jan 2015
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EURUSD | H4 | ||
Resistance | 1.1595 | 1.1641 | 1.1669 |
Support | 1.1521 | 1.1493 | 1.1446 |
Primary Scenario | EURUSD is heading to the resistance level at 1.1595. A successful attempt to penetrate this level, it will fuel the pair further towards the forthcoming resistance at 1.1641. | ||
Alternative Scenario | A comeback of the market below the daily pivot (1.1567) will push prices lower to retest the support level at 1.1521. |
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