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EURUSD has experienced strong resistance during the week.
EURUSD | H4 | ||
Resistance | 1.1112 | 1.1162 | 1.1214 |
Support | 1.1011 | 1.0959 | 1.0909 |
Primary Scenario | EURUSD has experienced strong resistance during the week. A successful attempt to penetrate the hurdle at 1.1112 will trigger the market to hit the resistance at 1.1162. | ||
Alternative Scenario | A reversal back below the daily pivot at 1.1061 will pave the path down to 1.1011. |
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Source:: EURUSD has experienced strong resistance during the week.