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AUDUSD poised for further decline.
EURUSD | H4 | ||
Resistance | 1.1116 | 1.1142 | 1.1168 |
Support | 1.1065 | 1.1039 | 1.1013 |
Primary Scenario | EURUSD has opened with a deep gap below the final support level at 1.1013, before retracing to retest the hurdle at 1.1039. If the pair manages to violate the support at 1.1013, it will find support at the previous low (1.0969). | ||
Alternative Scenario | A higher thrust of the exchange rate will lead the pair to exceed the resistance level at 1.1039, targeting the next level at 1.1065. |
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