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AUDUSD formed a hammer.
EURUSD | H4 | ||
Resistance | 1.0921 | 1.0953 | 1.0980 |
Support | 1.0863 | 1.0836 | 1.0804 |
Primary Scenario | EURUSD has experienced strong resistance below the daily pivot point (1.0895). A tumble of the market will trigger the market to breach the support level at 1.0863, targeting the forthcoming level at 1.0836. | ||
Alternative Scenario | A higher thrust of the currency pair will fuel the rate to exceed the daily pivot. The next resistance is seen at 1.0921. |
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Source:: AUDUSD formed a hammer.