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EURUSD turned back sharply in the previous session.
EURUSD | H4 | ||
Resistance | 1.1313 | 1.1385 | 1.1421 |
Support | 1.1206 | 1.1169 | 1.1098 |
Primary Scenario | EURUSD turned back sharply in the previous session. Further drop of the market will push the pair to retest the key support at 1.1206 and even lower at 1.1169. | ||
Alternative Scenario | A surge of the exchange rate above the daily pivot (1.1277) will lift the currency pair towards 1.1313. |
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Source:: EURUSD turned back sharply in the previous session.