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EURUSD rises into fresh grounds.
EURUSD | H4 | ||
Resistance | 1.1417 | 1.1442 | 1.1474 |
Support | 1.1361 | 1.1329 | 1.1304 |
Primary Scenario | EURUSD rises into fresh grounds. Should the pair manage to extend its momentum, it will fuel the rate to eliminate the hurdle at 1.1417, with immediate target the resistance at 1.1442 and even higher at 1.1474. | ||
Alternative Scenario | A plunge of the pair below the daily pivot at 1.1385 will pave the path down to 1.1361. RSI oscillator supports this scenario. |
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Source:: EURUSD rises into fresh grounds.