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GBPUSD: Revolving the daily pivot point.
EURUSD | H4 | ||
Resistance | 1.1021 | 1.1098 | 1.1225 |
Support | 1.0817 | 1.0690 | 1.0613 |
Primary Scenario | EURUSD is now trading near the previous top. If bulls manage to overweigh the bears’ pressure, it will retest the hurdle at 1.1021 and then higher at 1.1098. | ||
Alternative Scenario | A comeback of the market will push the pair below the daily pivot (1.0894) and further down to 1.0817. |
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