EURUSD surged slightly below the resistance level at 1.1365.

EURUSD Technical Analysis
Resistance 1.1365 1.1405 1.1461
Support 1.1269 1.1213 1.1174
Primary Scenario EURUSD surged slightly below the resistance level at 1.1365. A successful attempt to penetrate this level will trigger the market to target the forthcoming levels at 1.1405 and 1.1461.
Alternative Scenario A reversal back below the daily pivot point (1.1309) will push the pair to find support at 1.1269.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.5457 1.5490 1.5519
Support 1.5395 1.5366 1.5333
Primary Scenario The pair is revolving the daily pivot point at 1.5428. If the pair manages to withstand the sellers’ pressure, GBPUSD will climb towards the resistance level at 1.5457 and then higher to 1.5490.
Alternative Scenario Should the pair achieve to breach the daily pivot, the next support lies ahead down to 1.5395.


USDCHF Technical Analysis USDCHF H4 Down Trend
Resistance 0.9763 0.9836 0.9877
Support 0.9649 0.9608 0.9536
Primary Scenario USDCHF is heading towards the support level at 0.9649. Further drop of the market will lead the exchange rate lower the support level at 0.9608.
Alternative Scenario An upward wave would lift the currency pair above the daily pivot, targeting the resistance level at 0.9763.


USDJPY Technical Analysis USDJPY H4
Resistance 120.60 120.95 121.31
Support 120.14 119.80 119.34
Primary Scenario The pair is moving sideways above the Kumo. A decisive movement to the north will most likely fuel the pair above the hurdle at 120.60, with immediate target the resistance level at 120.95.
Alternative Scenario On the other hand, a tumble of the market below the upper level (120.14) of the cloud will push prices to hit the support at 119.80.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7106 0.7127 0.7162
Support 0.7049 0.7014 0.6993
Primary Scenario AUDUSD edged up at 0.7135, before retracing below the resistance at 0.7106. If the pair manages to retest and surpass the hurdle at 0.7106, the currency pair will retest the resistance at 0.7127 and even higher at 0.7162.
Alternative Scenario. A plunge of the market below the daily pivot (0.7070) will lead the pair down to 0.7049.


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Source:: EURUSD surged slightly below the resistance level at 1.1365.

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