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AUDUSD turned sharply bearish.
EURUSD | H4 | ||
Resistance | 1.1124 | 1.1166 | 1.1213 |
Support | 1.1035 | 1.0989 | 1.0946 |
Primary Scenario | EURUSD is trading slightly above the daily pivot (1.1078). A decisive movement to the north will most likely fuel the pair to penetrate the hurdle at 1.1124, with immediate target the resistance level at 1.1166. | ||
Alternative Scenario | If the pair manages to breach the daily pivot point, it will find support at 1.1035. |
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