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EURUSD surged into fresh high and hit the resistance level at 1.1491.
EURUSD | H4 | ||
Resistance | 1.1437 | 1.1491 | 1.1596 |
Support | 1.1278 | 1.1173 | 1.1119 |
Primary Scenario | EURUSD surged into fresh high and hit the resistance level at 1.1491. If the pair manages to withhold the sellers’ pressure, it will climb towards the forthcoming level at 1.1596. | ||
Alternative Scenario | A reversal back below the support level at 1.1437 will push prices to find support at the daily pivot (1.1332). RSI is trading within the overbought zone. |
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Source:: EURUSD surged into fresh high and hit the resistance level at 1.1491.