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USDJPY surged into multi-year highs.
EURUSD | H4 | ||
Resistance | 1.0948 | 1.0993 | 1.1057 |
Support | 1.0838 | 1.0773 | 1.0728 |
Primary Scenario | EURUSD bounced up from the previous bottom and reached the hurdle at 1.0948. A successful penetration of this level will most likely fuel the pair further towards the resistance level at 1.0993. | ||
Alternative Scenario | A comeback of the currency pair will push the rate below the daily pivot and even lower at 1.0838. |
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Source:: USDJPY surged into multi-year highs.