EURUSD is oscillating near the previous low.

Posted On 28 Jun 2016

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1342	1.1390	1.1443
Support	1.1241	1.1188	1.1140
Primary Scenario	EURUSD is oscillating near the previous low. A break back below the key support at 1.1016 will push prices lower, targeting the next support level at 1.0910.
Alternative Scenario	An upward wave will lift the exchange rate towards 1.1140.

	GBPUSD	H4
Resistance	1.4771	1.4838	1.4903
Support	1.4639	1.4573	1.4506
Primary Scenario	The pair is still under pressure. A failed attempt to move higher will pave the path down to 1.3124 and even lower at 1.2878.
Alternative Scenario	Alternatively, further correction of the currency pair will lead GBPUSD towards 1.3463 and then higher at 1.3615.

	USDCHF	H4
Resistance	0.9622	0.9663	0.9699
Support	0.9544	0.9508	0.9467
Primary Scenario	USDCHF is trading near the previous top. A successful attempt to penetrate the hurdle at 0.9787 will fuel the pair to retest the resistance level at 0.9819.
Alternative Scenario	A plunge of the exchange rate will push the pair to find support at 0.9727.

	USDJPY	H4
Resistance	102.36	103.17	103.95
Support	101.36	100.22	98.95
Primary Scenario	The USDJPY pair is moving sideways below the cloud. Should the pair manage to breach the key support at 101.36, the next support is seen at 100.22
Alternative Scenario	On the other hand, a surpass above the barrier at 102.36 will fuel the pair further towards 103.17.

	AUDUSD	H4
Resistance	0.7536	0.7573	0.7621
Support	0.7451	0.7403	0.7366
Primary Scenario	AUDUSD bounced up from the previous bottom and is now heading towards 0.7403. A failed attempt to exceed this level will push the pair to find support at 0.7366 and then lower at 0.7320.
Alternative Scenario	A successful penetration of the barrier at 0.7403 will accelerate the pair to hit the resistance level at 0.7451.

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Source:: EURUSD is oscillating near the previous low.

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