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EURUSD intends to surpass the hurdle at 1.1108.
| EURUSD | H4 | ||
| Resistance | 1.1108 | 1.1182 | 1.1241 |
| Support | 1.0976 | 1.0917 | 1.0843 |
| Primary Scenario | EURUSD intends to surpass the hurdle at 1.1108. If that happens, the next resistance is seen at 1.1182 and then higher at 1.1241. | ||
| Alternative Scenario | A reversal back will push prices to find support at the daily pivot point (1.1049) and further down to 1.0976. | ||
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GBPUSD | H4 | |
| Resistance | 1.5417 | 1.5457 | 1.5494 |
| Support | 1.5341 | 1.5303 | 1.5264 |
| Primary Scenario | The pair is now heading towards the resistance level at 1.5417. A successful attempt to penetrate this level will most likely trigger the market to target the forthcoming resistance at 1.5457. | ||
| Alternative Scenario | A comeback of the exchange rate will lead the market to hit the support at the daily pivot (1.5380) and even lower at 1.5341. | ||
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USDCHF | H4 |  |
| Resistance | 0.9517 | 0.9560 | 0.9607 |
| Support | 0.9428 | 0.9381 | 0.9338 |
| Primary Scenario | USDCHF has been trapped between the support level at 0.9428 and the resistance level at 0.9517. A decisive downward momentum will put pressure to the rate to violate the support at 0.9428, opening the way down to 0.9381. | ||
| Alternative Scenario | An upward wave would lift the currency pair above the daily pivot and then higher towards the barrier at 0.9517. | ||
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USDJPY | H4 | |
| Resistance | 122.03 | 122.64 | 123.15 |
| Support | 121.22 | 120.40 | 119.63 |
| Primary Scenario | The pair has finished its correction course at 122.03. A comeback of the USDJPY pair will lead the pair to retest and breach the support level at 121.22, paving the path towards the forthcoming support at 120.40. | ||
| Alternative Scenario | Alternatively, a successful penetration of the hurdle at 122.03 will fuel the pair to target the resistance level at 122.64. | ||
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AUDUSD | H4 | |
| Resistance | 0.7493 | 0.7541 | 0.7592 |
| Support | 0.7394 | 0.7343 | 0.7295 |
| Primary Scenario | AUDUSD experienced strong resistance at 0.7493. Any forceful attempt to exceed this level will generate strength for the currency pair to target the next resistance at 0.7541. The next focus is estimated at 0.7592. | ||
| Alternative Scenario | A plunge of the market will push prices to find support at the daily pivot at 0.7442 and even lower at 0.7394. | ||
The post EURUSD intends to surpass the hurdle at 1.1108. appeared first on Forex Circles.
