EURUSD cleared the daily pivot and the resistance level at 1.0943.

EURUSD Technical Analysis
Resistance 1.0943 1.0980 1.1023
Support 1.0863 1.0821 1.0783
Primary Scenario EURUSD bounced up from the previous bottom and managed to clear the daily pivot (1.0900) and the resistance level at 1.0943. If the pair achieves to extend its momentum, it will target 1.0980 and further up 1.1023.
Alternative Scenario A comeback of the exchange rate will push prices to find support at 1.0943 and then lower at the daily pivot.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.4286 1.4418 1.4496
Support 1.4075 1.3997 1.3865
Primary Scenario The pair is following a downtrend. Further drop of the market will lead GBPUSD towards the support level at 1.4075 and even lower at 1.3997.
Alternative Scenario On the other hand, an upward wave would lift the currency pair above the daily pivot (1.4207), with immediate target the resistance at 1.4286. RSI supports this outlook.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 1.0071 1.0116 1.0151
Support 0.9991 0.9956 0.9911
Primary Scenario The trading range has been limited between 1.0116 and 0.9956. A decisive movement to the south will push USDCHF to eliminate the support level at 0.9991, targeting the forthcoming support levels at 0.9956 and then lower at 0.9911.
Alternative Scenario A surge of the market will trigger the rate to hit the daily pivot at 1.0036 and even higher at 1.0071.


USDJPY Technical Analysis USDJPY H4 Down Trend
Resistance 117.00 117.36 117.76
Support 116.76 116.50 116.13
Primary Scenario The pair intends to retest the previous bottom at 116.76. A breach of this level will lead USDJPY to fresh lows, targeting the support levels at 116.50 and 116.13.
Alternative Scenario Alternatively, a successful attempt to exceed the hurdle at 117.00 will fuel the pair to hit the forthcoming target at 117.36.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.6961 0.7018 0.7080
Support 0.6842 0.6780 0.6723
Primary Scenario AUDUSD is oscillating around the daily pivot point at 0.6899. Any forceful attempt to violate the support level at 0.6842 will open the way down to 0.6780 and then lower at 0.6723.
Alternative Scenario. A higher thrust of the currency pair will lead the market towards the daily pivot and further up to 0.6961.


The post EURUSD cleared the daily pivot and the resistance level at 1.0943. appeared first on FXTM Blog.

Source:: EURUSD cleared the daily pivot and the resistance level at 1.0943.

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