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AUDUSD: Strong bullish momentum.
EURUSD | H4 | ||
Resistance | 1.1205 | 1.1265 | 1.1307 |
Support | 1.1104 | 1.1062 | 1.1002 |
Primary Scenario | EURUSD is currently trading below the daily pivot at 1.1164. If the pair manages to extend its momentum, it will violate the support level at 1.1104, targeting the forthcoming level at 1.1062 and then lower at 1.1002. | ||
Alternative Scenario | A surge of the market above the daily pivot point will lift the exchange rate towards the resistance level at 1.1205. |
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