EURUSD surged slightly below the resistance level at 1.1365.

Posted On 14 Sep 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
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	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	H4
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	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	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.

The post EURUSD surged slightly below the resistance level at 1.1365. appeared first on Forex Circles.

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

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 www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]