Previous Story
GBPUSD is trading narrowly above the daily pivot.
EURUSD | H4 | ||
Resistance | 1.0599 | 1.0702 | 1.0771 |
Support | 1.0426 | 1.0358 | 1.0254 |
Primary Scenario | EURUSD bounced up from the previous low and managed to surpass the daily pivot at 1.0530. A sustained trading above this level will most likely lead the exchange rate towards the resistance level at 1.0599 and then higher at 1.0702. | ||
Alternative Scenario | Alternatively, a plunge of the market below the daily pivot, will push prices to hit the support level at 1.0426. |
The post GBPUSD is trading narrowly above the daily pivot. appeared first on Forex Circles.