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USDCHF collapsed in the previous session.
EURUSD | H4 | ||
Resistance | 1.1105 | 1.1272 | 1.1565 |
Support | 1.0645 | 1.0352 | 1.0185 |
Primary Scenario | A great bullish momentum led EURUSD to eliminate the key resistance at 1.0645 and the daily pivot at 1.0812. For the moment the rate is trading at 1.0940 and if the pair achieves to extend its momentum, the next resistance is seen at 1.1105. | ||
Alternative Scenario | A reversal back of the market will bring the pair into a correction course, pushing the market to find support at the daily pivot. RSI oscillator supports this outlook. |
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