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GBPUSD surged into fresh highs.
EURUSD | H4 | ||
Resistance | 1.1197 | 1.1239 | 1.1273 |
Support | 1.1121 | 1.1088 | 1.1045 |
Primary Scenario | EURUSD has tested the critical support at 1.1121, before surpassing the daily pivot at 1.1163. If the pair manages to extend its momentum, it will climb towards the resistance level at 1.1197 and even higher at 1.1239. | ||
Alternative Scenario | A plunge of the market below the daily pivot point will lead the pair to retest the support level at 1.1121. |
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Source:: GBPUSD surged into fresh highs.