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EURUSD slides more this morning, testing the key support level at 1.0931.
| EURUSD | H4 | ||
| Resistance | 1.1004 | 1.1031 | 1.1054 |
| Support | 1.0954 | 1.0931 | 1.0903 |
| Primary Scenario | EURUSD slides more this morning, testing the key support level at 1.0931. If the pair achieves to breach this level, it will target the forthcoming support at 1.0903. | ||
| Alternative Scenario | A higher thrust of the market will lead the pair to reach the resistance at 1.0954 and even higher the daily pivot at 1.0981. RSI oscillator supports this outlook. | ||
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GBPUSD | H4 | |
| Resistance | 1.5497 | 1.5527 | 1.5548 |
| Support | 1.5446 | 1.5425 | 1.5395 |
| Primary Scenario | The pair is now testing the support level at 1.5446. Should GBPUSD manage to slump below this level, the next support is seen at 1.5425 and then lower at 1.5395. | ||
| Alternative Scenario | On the other hand, an upward wave would lift the exchange rate to face the daily pivot at 1.5476. | ||
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USDCHF | H4 |  |
| Resistance | 0.9468 | 0.9487 | 0.9519 |
| Support | 0.9417 | 0.9385 | 0.9365 |
| Primary Scenario | USDCHF cleared the daily pivot point (0.9436) and the hurdle at 0.9468. If the pair achieves to continue its rally, it will climb towards the resistance levels at 0.9487 and 0.9519. | ||
| Alternative Scenario | A reversal back below the support level at 0.9468 will push prices to find support at the daily pivot. | ||
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USDJPY | H4 | |
| Resistance | 122.02 | 122.25 | 122.72 |
| Support | 121.63 | 121.22 | 120.73 |
| Primary Scenario | The pair set to higher levels. If the pair manages to withhold the sellers’ pressure, it will penetrate the barrier at 122.02, targeting the resistance level at 122.25 and even higher at 122.72. | ||
| Alternative Scenario | Alternatively, a comeback of the currency pair will lead the market lower down to 121.63 and 121.22. | ||
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AUDUSD | H4 | |
| Resistance | 0.7839 | 0.7857 | 0.7875 |
| Support | 0.7803 | 0.7785 | 0.7767 |
| Primary Scenario | AUDUSD is gyrating the daily pivot point at 0.7821. A bounce up from current levels will trigger the market to surpass the obstacle at 0.7839, with immediate target the forthcoming resistance level at 0.7857. | ||
| Alternative Scenario | A downward wave would push prices to breach the daily pivot. The next support is estimated at 0.7803. | ||
The post EURUSD slides more this morning, testing the key support level at 1.0931. appeared first on Forex Circles.
Source:: EURUSD slides more this morning, testing the key support level at 1.0931.
