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EURUSD: The strength of the market faded.
EURUSD | H4 | ||
Resistance | 1.1384 | 1.1411 | 1.1427 |
Support | 1.1342 | 1.1326 | 1.1299 |
Primary Scenario | The strength of the market faded and EURUSD proceeded into a correction, hitting the support level at 1.1342. If the pair manages to violate this level, will most likely lead the exchange rate in deeper correction towards the next support level at 1.1326. | ||
Alternative Scenario | Alternatively, a higher thrust of the market will lift the currency pair above the daily pivot (1.1369) with immediate target the resistance at 1.1384. |
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