EURUSD: Still in a bullish outlook.

EURUSD Technical Analysis
Resistance 1.1502 1.1556 1.1645
Support 1.1359 1.1269 1.1216
Primary Scenario A strong movement to the north led EURUSD to surpass the daily pivot point (1.1413). Strengthening of the bullish momentum will most likely trigger the market to target the forthcoming resistance at 1.1502 and further up to 1.1556.
Alternative Scenario Should the pair manage to break below the daily pivot, the next support is seen at 1.1359.


GBPUSD Technical Analysis GBPUSD H4 Down Trend
Resistance 1.5790 1.5852 1.5897
Support 1.5683 1.5638 1.5576
Primary Scenario GBPUSD is trading slightly below the daily pivot at 1.5745. Further drop of the market will push prices to find support at 1.5683 and then deeper towards the support level at 1.5638.
Alternative Scenario A higher thrust of the exchange rate will lift the market to exceed the daily pivot, targeting the resistance level at 1.5790.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9234 0.9314 0.9374
Support 0.9093 0.9034 0.8953
Primary Scenario The pair is gyrating the daily pivot at 0.9174. A decisive upward movement will generate strength for USDCHF to retest the hurdle at 0.9234 and even higher at 0.9314.
Alternative Scenario On the other hand, a failed attempt to move higher will lead the pair to violate the daily pivot, opening the way down to 0.9093.


USDJPY Technical Analysis USDJPY H4
Resistance 119.76 119.92 120.26
Support 119.49 119.21 118.88
Primary Scenario USDJPY is negotiating within the Kumo. A fruitful attempt to penetrate the barrier at 119.76 will fuel the pair further towards 119.92 and even higher at 120.26.
Alternative Scenario Alternatively, if the bears over-weigh the bulls momentum, it will drop down to 119.49 and further down, out of the cloud at 119.21.


AUDUSD Technical Analysi AUDUSD H4 Down Trend
Resistance 0.8081 0.8131 0.8174
Support 0.7989 0.7945 0.7896
Primary Scenario AUDUSD has experienced strong resistance at the daily pivot area (0.8038). A downward wave would push the pair to breach the support level at 0.7989, targeting the forthcoming level at 0.7945.
Alternative Scenario A surge of the currency pair above the daily pivot will target the resistance at 0.8081.


The post EURUSD: Still in a bullish outlook. appeared first on Forex Circles.

Source:: EURUSD: Still in a bullish outlook.

Won't your trader friends like this?
Forex Time
About the Author
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Related Posts

Leave a Reply