EURUSD edged up at 1.1466, before closing below the daily pivot.

EURUSD Technical Analysis
Resistance 1.1409 1.1504 1.1559
Support 1.1258 1.1203 1.1108
Primary Scenario EURUSD edged up at 1.1466, before closing below the daily pivot (1.1353). Further drop of the market will push prices lower towards the support levels at 1.1258 and 1.1203.
Alternative Scenario Alternatively, a decisive thrust of the daily pivot will lead the exchange rate to reach the hurdle at 1.1409.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5718 1.5785 1.5825
Support 1.5611 1.5571 1.5504
Primary Scenario The pair is now trading below the daily pivot point at 1.5678. Any forceful movement to the south will open the way down to the support level at 1.5611 and even lower at 1.5571.
Alternative Scenario An upward wave would lift the currency pair above the daily pivot, with immediate target the resistance at 1.5718.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9305 0.9349 0.9436
Support 0.9174 0.9088 0.9044
Primary Scenario USDCHF is oscillating around the daily pivot at 0.9218. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance level at 0.9305 and further up to 0.9349.
Alternative Scenario A comeback of the market will push prices to find support at the daily pivot.


USDJPY Technical Analysis USDJPY H4 Up Trend
Resistance 120.03 120.26 120.49
Support 119.85 119.49 119.21
Primary Scenario The pair is now negotiating out of the cloud with bullish implications. A purposeful movement to the north will trigger USDJPY to penetrate the barrier at 120.03, targeting the forthcoming resistance level at 120.26. The next resistance is estimated at 120.49.
Alternative Scenario On the other hand, a plunge of the exchange rate below the upper level of the Kumo (119.85) will pave the way down to 119.49.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.8034 0.8080 0.8109
Support 0.7959 0.7930 0.7884
Primary Scenario AUDUSD is now heading towards the daily pivot point at 0.8005. A failed attempt to exceed this level will most likely push the market to retest the support at 0.7959. A break back below this support will lead the rate to reach the next level in line at 0.7930.
Alternative Scenario A higher thrust of the market will fuel the pair to surpass the daily pivot. The next resistance is seen at 0.8034.


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Source:: EURUSD edged up at 1.1466, before closing below the daily pivot.

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