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EURUSD turned sharply bullish.
EURUSD | H4 | ||
Resistance | 1.1223 | 1.1319 | 1.1452 |
Support | 1.0995 | 1.0862 | 1.0766 |
Primary Scenario | EURUSD turned sharply bullish in the previous session. A sustained trading above the daily pivot point at 1.1091 will most likely lead the pair higher towards the resistance level at 1.1223 and further up at 1.1319. RSI oscillator is negotiating within an overbought territory. | ||
Alternative Scenario | A plunge of the market below the daily pivot will open the way to a correction phase down to 1.0995. |
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