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USDCHF pounded in the previous session.
EURUSD | H4 | ||
Resistance | 1.1272 | 1.1340 | 1.1442 |
Support | 1.1103 | 1.1001 | 1.0934 |
Primary Scenario | EURUSD has experienced strong resistance. If the pair manages to exceed the hurdle at 1.1272, it will climb towards the next resistance level at 1.1340. | ||
Alternative Scenario | A reversal back below the daily pivot at 1.1170 will open the way down to 1.1103. RSI oscillator supports this scenario. |
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