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AUDUSD has just cleared the hurdle at 0.7134.
EURUSD | H4 | ||
Resistance | 1.0983 | 1.1023 | 1.1081 |
Support | 1.0885 | 1.0827 | 1.0787 |
Primary Scenario | EURUSD topped up at 1.0966, before retracing below the daily pivot point at 1.0925. If the bears manages to take control of the bulls, the next support is seen at 1.0885 and further down to 1.0827. | ||
Alternative Scenario | A higher thrust of the exchange rate would lead the market to surpass the daily pivot, with immediate target the resistance at 1.0983. |
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