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GBPUSD is currently trading slightly above the daily pivot.
Posted On 20 Feb 2015
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EURUSD | H4 | ||
Resistance | 1.1425 | 1.1484 | 1.1520 |
Support | 1.1331 | 1.1296 | 1.1237 |
Primary Scenario | The trend has been overall neutral in the previous sessions. A decisive movement downwards will push the pair to breach the support level at 1.1331 and then lower at 1.1296. | ||
Alternative Scenario | On the other hand, an upward wave would lead EURUSD above the daily pivot at 1.1390 towards the hurdle at 1.1425. |
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Source:: GBPUSD is currently trading slightly above the daily pivot.