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USDCHF is following a downtrend.
EURUSD | H4 | ||
Resistance | 1.1388 | 1.1423 | 1.1455 |
Support | 1.1321 | 1.1289 | 1.1254 |
Primary Scenario | EURUSD is revolving around the daily pivot point at 1.1356. A decisive movement to the south will open the way down to 1.1321 and then lower at 1.1289. | ||
Alternative Scenario | An upward wave above the daily pivot will fuel the pair to retest the resistance level at 1.1388. |
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Source:: USDCHF is following a downtrend.