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USDCHF has just surpassed the hurdle at 0.9900.
EURUSD | H4 | ||
Resistance | 1.0897 | 1.0943 | 1.0981 |
Support | 1.0814 | 1.0776 | 1.0730 |
Primary Scenario | EURUSD is now trading in multi-year low. If the pair manages to eliminate the support level at 1.0776, it will fall further down to 1.0730. Be aware of the RSI oscillator which is negotiating within an oversold zone. | ||
Alternative Scenario | A reversal back above the resistance at 1.0814, will push prices to reach the daily pivot point at 1.0860. |
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