Previous Story
GBPUSD bounced up from the previous bottom.
EURUSD | H4 | ||
Resistance | 1.1098 | 1.1168 | 1.1229 |
Support | 1.0972 | 1.0917 | 1.0846 |
Primary Scenario | EURUSD has proceeded into fresh lows. If the pair manages to extend its downtrend, it will breach the support level at 1.0972, with immediate target the next support at 1.0917. | ||
Alternative Scenario | An upward momentum will bring the pair within a correction course towards the daily pivot (1.1042) and then higher at 1.1098. RSI oscillator is trading within an oversold zone. |
The post GBPUSD bounced up from the previous bottom. appeared first on Forex Circles.