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AUDUSD surged to multi-month high in today’s session.
EURUSD | H4 | ||
Resistance | 1.1211 | 1.1275 | 1.1341 |
Support | 1.1082 | 1.1016 | 1.0953 |
Primary Scenario | EURUSD is trading slightly above the daily pivot point at 1.1145. A bounce up from current levels will accelerate the pair to retest the hurdle at 1.1211. The next resistance is seen at 1.1275. | ||
Alternative Scenario | A plunge of the pair below the daily pivot will lead the exchange rate towards 1.1082. |
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