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AUDUSD is still negotiating near the previous high.
EURUSD | H4 | ||
Resistance | 1.0647 | 1.0684 | 1.0733 |
Support | 1.0561 | 1.0512 | 1.0475 |
Primary Scenario | EURUSD oscillating around the daily pivot point at 1.0598. A decisive movement to the south will eliminate the support at 1.0561, opening the way underway towards the next target at 1.0512. | ||
Alternative Scenario | A higher thrust of the market above the daily pivot will lead the pair to retest the hurdle at 1.0647. |
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Source:: AUDUSD is still negotiating near the previous high.