EURUSD fueled in the previous session.

EURUSD Technical Analysis
EURUSD H4
Resistance 1.1000 1.1045 1.1119
Support 1.0881 1.0807 1.0762
Primary Scenario EURUSD fueled in the previous session. A sustained trading above the daily pivot at 1.0926 will lead the exchange rate to target the forthcoming resistance level at 1.1000 and even higher at 1.1045.
Alternative Scenario A reversal back below the daily pivot would pave the path down to 1.0881.

EURUSDH4

GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4233 1.4294 1.4395
Support 1.4072 1.3971 1.3911
Primary Scenario The pair has surpassed the daily pivot (1.4133) and indicated bullish implications. If the pair manages to withstand the sellers’ pressure, it will climb towards the resistance level at 1.4233 and further up to 1.4294.
Alternative Scenario Alternatively, a correction course of the market will push GBPUSD below the daily pivot, with immediate target the support at 1.4072.

GBPUSDH4

USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9969 1.0021 1.0060
Support 0.9879 0.9840 0.9788
Primary Scenario USDCHF has experienced strong resistance at the daily pivot point (0.9930). A decisive movement to the south will most likely lead the pair to hit the support at 0.9879 and then lower at 0.9840.
Alternative Scenario An upward wave would lift the exchange rate above the daily pivot and further down to 0.9969.

USDCHFH4

USDJPY Technical Analysis USDJPY H4
Resistance 113.87 114.26 114.55
Support 113.72 113.27 112.90
Primary Scenario The USDJPY pair is still trading above the Kumo. Should the pair achieve to eliminate the barrier at 113.87, the next resistance is estimated at 114.26 and even higher at 114.55.
Alternative Scenario On the other hand, a setback of the currency pair below the support at 113.72 will open the way down to 113.27.

USDJPYH4

AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7389 0.7427 0.7481
Support 0.7296 0.7242 0.7204
Primary Scenario AUDUSD has reached a multi-month high in today’s session. A higher thrust of the pair would accelerate the rate to hit the forthcoming resistance level at 0.7389 and then higher at 0.7427.
Alternative Scenario A reversal back below the daily pivot (0.7335) will target the support level at 0.7296. RSI oscillator supports this outlook.

AUDUSDH4

The post EURUSD fueled in the previous session. appeared first on FXTM Blog.

Source:: EURUSD fueled in the previous session.

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