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USDCHF is hovering below the daily pivot.
EURUSD | H4 | ||
Resistance | 1.1334 | 1.1380 | 1.1441 |
Support | 1.1228 | 1.1167 | 1.1121 |
Primary Scenario | EURUSD is oscillating around the daily pivot point at 1.1274. Any forceful attempt to penetrate the hurdle at 1.1334 will most likely lead the currency pair to hit the resistance level at 1.1380. | ||
Alternative Scenario | A breach of the daily pivot will pave the way down to the support level at 1.1228. |
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