Previous Story
EURUSD is hovering below the daily pivot.
Posted On 19 Dec 2014
Comment: 0
EURUSD | H4 | ||
Resistance | 1.2336 | 1.2387 | 1.2422 |
Support | 1.2249 | 1.2214 | 1.2163 |
Primary Scenario | EURUSD is hovering below the daily pivot (1.2300). Any forceful momentum downwards will push the exchange rate to target the support level at 1.2249 and subsequently lower at 1.2214. | ||
Alternative Scenario | Should the pair manage to exceed the daily pivot, it will climb towards the resistance at 1.2336. RSI oscillator supports this outlook. |
The post EURUSD is hovering below the daily pivot. appeared first on Forex Circles.