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AUDUSD experienced strong resistance at 0.7648.
EURUSD | H4 | ||
Resistance | 1.0812 | 1.0894 | 1.0943 |
Support | 1.0681 | 1.0631 | 1.0550 |
Primary Scenario | EURUSD has bottomed at 1.0713, before retracing above the daily pivot point at 1.0762. Further correction of the market will most likely lead the exchange rate towards the resistance level at 1.0812 and even higher at 1.0894. | ||
Alternative Scenario | On the other hand, a plunge of the pair below the daily pivot will push prices towards the support level at 1.0681. |
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