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GBPUSD hit a multi-year low.
EURUSD | H4 | ||
Resistance | 1.0978 | 1.1045 | 1.1108 |
Support | 1.0848 | 1.0786 | 1.0718 |
Primary Scenario | EURUSD topped up at 1.0978, before closing below the daily pivot point at 1.0916. Further decline of the market will open the way down to 1.0848 and then lower at 1.0786. | ||
Alternative Scenario | An upward wave would lift the exchange rate above the daily pivot, with immediate target the resistance level at 1.0978. |
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Source:: GBPUSD hit a multi-year low.