The strength of EURUSD faded.

EURUSD Technical Analysis
Resistance 1.1158 1.1216 1.1257
Support 1.1060 1.1019 1.0962
Primary Scenario The strength of EURUSD faded and the exchange rate is now negotiating below the daily pivot at 1.1117. Further drop of the market will push prices to find support at 1.1060 and even lower at 1.1019.
Alternative Scenario A higher thrust of the market will lift the currency pair above the daily pivot, with immediate target the resistance at 1.1158.


GBPUSD Technical Analysis GBPUSD H4
Resistance 1.4361 1.4423 1.4457
Support 1.4264 1.4229 1.4167
Primary Scenario The pair cleared the key support level at 1.4264. If the bearish momentum remains, the next support is seen at 1.4229 and then lower at 1.4167.
Alternative Scenario On the other hand, an upward wave would trigger the market above the barrier at 1.4264, targeting the daily pivot point at 1.4326.


USDCHF Technical Analysis USDCHF H4 up-trend
Resistance 0.9895 0.9920 0.9960
Support 0.9830 0.9790 0.9765
Primary Scenario USDCHF is hovering above the daily pivot (0.9855). A bounce up from current levels would fuel the pair towards the resistance level at 0.9895 and further up to 0.9920.
Alternative Scenario A plunge of the market below the daily pivot will lead the pair to find support at 0.9830.


USDJPY Technical Analysis USDJPY H4 up-trend
Resistance 113.65 114.00 114.43
Support 113.33 113.07 112.78
Primary Scenario The pair is now testing the upper level of the Kumo. A failed attempt to breach this level will most likely accelerate USDJPY to hit the hurdle in line at 113.65 and even higher at 114.00.
Alternative Scenario Alternatively, a successful violation of the important support at 113.33 will lead the market underway within the cloud. The next support is estimated at 113.07.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7570 0.7632 0.7672
Support 0.7468 0.7428 0.7366
Primary Scenario AUDUSD edged up at 0.7592, before retracing below the daily pivot at 0.7530. If the pair manages to breach the support at 0.7468, it will plunged further towards 0.7428 and further down to 0.7366.
Alternative Scenario A surge of the market would generate strength for the currency pair to hit the daily pivot and then higher at 0.7570.


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Source:: The strength of EURUSD faded.

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