Previous Story
EURUSD recovered from the previous bottom.
Posted On 27 Jan 2015
Comment: 0
EURUSD | H4 | ||
Resistance | 1.1322 | 1.1407 | 1.1519 |
Support | 1.1124 | 1.1012 | 1.0927 |
Primary Scenario | EURUSD recovered from the previous bottom and it is now trading above the daily pivot at 1.1209. A sustained trading above this level, will most likely lead the market to hit the resistance level at 1.1322 and even higher at 1.1407. | ||
Alternative Scenario | A plunge of the pair below the daily pivot will open the way down to the support level at 1.1124. |
The post EURUSD recovered from the previous bottom. appeared first on Forex Circles.