The market is still putting pressure to the EURUSD pair.

Posted On 20 May 2015

Tag: AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY

	EURUSD	H4
Resistance	1.1276	1.1405	1.1484
Support	1.1069	1.0990	1.0862
Primary Scenario	The market is still putting pressure to the EURUSD pair. A drop of the exchange rate below the support level at 1.1069 will most likely open the way down to 1.0990.
Alternative Scenario	On the other hand, an upside momentum will trigger the market to penetrate the daily pivot (1.1197), with immediate target the resistance at 1.1276.

	GBPUSD	H4
Resistance	1.5637	1.5764	1.5860
Support	1.5414	1.5318	1.5191
Primary Scenario	GBPUSD is trading slightly below the daily pivot at 1.5541. A bearish momentum will push prices to find support at 1.5414 and even lower at 1.5318.
Alternative Scenario	A higher thrust of the currency pair might be the catalyst for the market to exceed the daily pivot point, targeting the resistance at 1.5637.

	USDCHF	H4
Resistance	0.9418	0.9469	0.9555
Support	0.9280	0.9194	0.9143
Primary Scenario	A strong bullish movement led USDCHF to surpass the daily pivot at 0.9332. If the pair manages to extend its uptrend, it will climb towards the resistance levels at 0.9418 and further up to 0.9469.
Alternative Scenario	A reversal back below the daily pivot will pave the way down to 0.9280.

	USDJPY	H4
Resistance	121.19	121.65	122.02
Support	120.57	120.27	119.84
Primary Scenario	USDJPY is now following an uptrend. If the bulls achieve to over-weigh the bears pressure, the next resistance is seen at 121.19 and 121.65.
Alternative Scenario	Alternatively, a setback of the exchange rate will bring the pair into a correction course down to 120.57. RSI oscillator supports this scenario.

	AUDUSD	H4
Resistance	0.7979	0.8046	0.8083
Support	0.7875	0.7838	0.7771
Primary Scenario	The AUDUSD pair approached the support level at 0.7875 and is now heading towards the daily pivot point at 0.7942. Should the pair manage to violate this level, it will move lower down to 0.7838.
Alternative Scenario	A surge of the market above the daily pivot will lift the market to hit the resistance level at 0.7979.

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Source:: The market is still putting pressure to the EURUSD pair.

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