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GBPUSD pounded in a multi-month low.
EURUSD | H4 | ||
Resistance | 1.0850 | 1.0964 | 1.1036 |
Support | 1.0664 | 1.0592 | 1.0477 |
Primary Scenario | EURUSD is following a downtrend in the 4-hour chart. If the pair manages to breach the support level at 1.0664, the next target is seen at 1.0592. | ||
Alternative Scenario | A successful attempt to penetrate the daily pivot at 1.0778 will lift the exchange rate towards the resistance at 1.0850. |
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Source:: GBPUSD pounded in a multi-month low.