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GBPUSD bloodied into a multi-year low.
EURUSD | H4 | ||
Resistance | 1.1050 | 1.1082 | 1.1113 |
Support | 1.0987 | 1.0957 | 1.0925 |
Primary Scenario | EURUSD is ranging around the daily pivot point at 1.1020. A decisive movement downwards will lead the market to violate the support level at 1.0987, pushing the pair to continue its bearish sentiment. The next support is seen at 1.0957. | ||
Alternative Scenario | A successful penetration above the daily pivot will fuel the pair to retest the hurdle at 1.1050. |
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