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EURUSD is searching for direction.
EURUSD | H4 | ||
Resistance | 1.1379 | 1.1414 | 1.1443 |
Support | 1.1316 | 1.1287 | 1.1252 |
Primary Scenario | EURUSD is searching for direction, while trading around the daily pivot (1.1351). If the pair manages to withstand the sellers’ pressure, the next resistance is seen at 1.1379 and even higher at 1.1414. | ||
Alternative Scenario | A plunge of the market below the daily pivot will open the way down to 1.1316. |
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Source:: EURUSD is searching for direction.