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Fresh lows for GBPUSD.
Posted On 07 Jan 2015
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EURUSD | H4 | ||
Resistance | 1.1943 | 1.1998 | 1.2028 |
Support | 1.1858 | 1.1829 | 1.1774 |
Primary Scenario | EURUSD is now trading near the previous lows at the support level 1.1858. A decisive movement downwards will push prices to breach this level with immediate target the next support at 1.1829. Further drop of the market will lead the pair to fresh lows down to 1.1774. | ||
Alternative Scenario | A surge of the exchange rate will lift the market towards the daily pivot point at 1.1913 and further up at 1.1943. RSI oscillator supports this outlook. |
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