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EURUSD crossed below the daily pivot.
EURUSD | H4 | ||
Resistance | 1.1352 | 1.1432 | 1.1474 |
Support | 1.1230 | 1.1188 | 1.1108 |
Primary Scenario | EURUSD crossed below the daily pivot (1.1310) in the previous session. If the pair manages to extend its downtrend, it will target the forthcoming support level at 1.1230 and then lower at 1.1188. | ||
Alternative Scenario | An upward wave above the daily pivot will lift the exchange rate towards 1.1352. RSI is trading within the oversold zone. |
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