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USDCHF has just surpassed the daily pivot.
Posted On 29 Jan 2015
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EURUSD | H4 | ||
Resistance | 1.1353 | 1.1421 | 1.1460 |
Support | 1.1247 | 1.1208 | 1.1140 |
Primary Scenario | A strong movement to the south, led EURUSD to violate the daily pivot point at 1.1314. Should the pair manage to breach the support level at 1.1247, it will move lower towards the forthcoming target at 1.1208. | ||
Alternative Scenario | On the other hand, a successful attempt to penetrate the daily pivot point will lift the market towards the resistance level at 1.1353. |
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