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GBPUSD is following a bearish outlook.
EURUSD | H4 | ||
Resistance | 1.1153 | 1.1231 | 1.1277 |
Support | 1.1029 | 1.0983 | 1.0905 |
Primary Scenario | EURUSD has tested the important support level at 1.1029. If the currency pair achieves to violate this level, the next support is seen at 1.0983 and then lower at 1.0905. | ||
Alternative Scenario | An upward wave would lift the exchange rate towards the daily pivot point (1.1107) and even higher at 1.1153. |
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