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AUDUSD opens today with a gap.
EURUSD | H4 | ||
Resistance | 1.1315 | 1.1351 | 1.1387 |
Support | 1.1244 | 1.1209 | 1.1173 |
Primary Scenario | EURUSD is negotiating slightly above the daily pivot (1.1280). A bounce up from current levels will trigger the market to hit the resistance level at 1.1315 and even higher at 1.1351. | ||
Alternative Scenario | A break back below the daily pivot will push the exchange rate to continue its downtrend, with immediate target the support level at 1.1244. |
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