EURUSD slumped yesterday.

EURUSD Technical Analysis
Resistance 1.0998 1.1122 1.1194
Support 1.0802 1.0731 1.0607
Primary Scenario EURUSD slumped yesterday, below the daily pivot point at 1.0927. A deeper correction will lead the pair lower to retest the support level at 1.0802 and further down to 1.0731.
Alternative Scenario Should the pair manage to exceed the daily pivot, it will target the resistance level at 1.0998.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4959 1.5069 1.5145
Support 1.4773 1.4697 1.4587
Primary Scenario The pair is oscillating around the daily pivot (1.4883). A decisive movement to the south will push GBPUSD to violate the barrier at 1.4773. The next support level is seen at 1.4697.
Alternative Scenario A higher thrust of the market will lift the exchange rate above the daily pivot, towards the resistance at 1.4959.


USDCHF Technical Analysis USDCHF H4 Up Trend
Resistance 0.9694 0.9758 0.9860
Support 0.9529 0.9426 0.9363
Primary Scenario A strong movement to the north led USDCHF to clear the resistance at 0.9529 and the daily pivot point at 0.9592. If the pair achieves to extend its momentum it will target the forthcoming resistance level at 0.9694 and even higher at 0.9758.
Alternative Scenario A drop of the market below the daily pivot will open the path towards the support level at 0.9529.


USDJPY Technical Analysis USDJPY H4
Resistance 119.40 119.97 120.43
Support 119.06 118.31 117.84
Primary Scenario USDJPY is still trading below the cloud, into a bearish sentiment. A plunge of the market below the support level at 119.06 will most likely lead prices lower, targeting the support level at 118.31.
Alternative Scenario If the pair manages to withstand the sellers’ pressure, it will climbs towards the resistance levels at 119.40 and 119.97.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7873 0.7919 0.7956
Support 0.7790 0.7754 0.7707
Primary Scenario The pair has tested the support level at 0.7790. A successful attempt to breach this level will lead AUDUSD to eye the next target in line at 0.7754 and even lower at 0.7707.
Alternative Scenario A bounce up from current levels will fuel the pair further to hit the daily pivot at 0.7836 and then higher at 0.7873.


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