Previous Story
AUDUSD is trading near the previous high.
EURUSD | H4 | ||
Resistance | 1.1310 | 1.1354 | 1.1381 |
Support | 1.1240 | 1.1214 | 1.1170 |
Primary Scenario | EURUSD bounced up from the previous bottom and is now trading above the daily pivot (1.1284). Further increase of the exchange rate will fuel the pair further towards the resistance level at 1.1310 and even higher at 1.1354. | ||
Alternative Scenario | A comeback of the market will lead the currency pair below the daily pivot and then lower to 1.1240. |
The post AUDUSD is trading near the previous high. appeared first on Forex Circles.