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USDCHF continues to discover fresh highs.
EURUSD | H4 | ||
Resistance | 1.1049 | 1.1171 | 1.1248 |
Support | 1.0849 | 1.0773 | 1.0650 |
Primary Scenario | A strong bearish movement led EURUSD to violate the daily pivot point at 1.0972. Further drop of the market will push the pair to find support at 1.0849 and then lower at 1.0773. | ||
Alternative Scenario | Should the pair manage to surpass the daily pivot, the next resistance is seen at 1.1049. RSI oscillator is trading within the oversold zone. |
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