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USDJPY: A new bearish scenario is now in force.
EURUSD | H4 | ||
Resistance | 1.1047 | 1.1084 | 1.1111 |
Support | 1.0983 | 1.0956 | 1.0918 |
Primary Scenario | EURUSD topped up at 1.1057, before retracing below the daily pivot (1.1020) and the support level at 1.0983. Further drop of the market will push prices lower towards 1.0956 and further down to 1.0918. | ||
Alternative Scenario | An upward wave would lead the pair above the now-resistance at 1.0983, with immediate target the daily pivot point. |
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