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AUDUSD: Testing the critical resistance at 0.7831.
EURUSD | H4 | ||
Resistance | 1.0916 | 1.1012 | 1.1143 |
Support | 1.0689 | 1.0558 | 1.0462 |
Primary Scenario | EURUSD has finally managed to penetrate the daily pivot point at 1.0785. A decisive movement to the north will lead the market to retest the resistance level at 1.0916 and further up at 1.1012. | ||
Alternative Scenario | A reversal back of the pair will push the exchange rate below the daily pivot towards the support level at 1.0689. |
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