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EURUSD edged up at 1.1533, before retracing below the daily pivot.
EURUSD | H4 | ||
Resistance | 1.1446 | 1.1549 | 1.1614 |
Support | 1.1278 | 1.1212 | 1.1110 |
Primary Scenario | EURUSD edged up at 1.1533, before retracing below the daily pivot at 1.1381. Further drop of the market, will push prices to find support at 1.1278 and then lower at 1.1212. | ||
Alternative Scenario | Alternatively, a surge of the currency pair above the daily pivot point will generate strength for the market to penetrate the daily pivot and to retest the hurdle at 1.1446. |
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Source:: EURUSD edged up at 1.1533, before retracing below the daily pivot.