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EURUSD edged up at 1.1027, before closing below the daily pivot.
Posted On 25 Mar 2015
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EURUSD | H4 | ||
Resistance | 1.1000 | 1.1082 | 1.1137 |
Support | 1.0862 | 1.0807 | 1.0725 |
Primary Scenario | EURUSD edged up at 1.1027, before closing below the daily pivot (1.0945). Further drop of the market will push the pair in deeper correction towards the support level at 1.0862 and 1.0807. | ||
Alternative Scenario | An upward wave would lead the exchange rate to penetrate the daily pivot, targeting the resistance level at 1.1000. |
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Source:: EURUSD edged up at 1.1027, before closing below the daily pivot.