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USDCHF is pivoting around the daily pivot point.
EURUSD | H4 | ||
Resistance | 1.1329 | 1.1401 | 1.1475 |
Support | 1.1183 | 1.1109 | 1.1037 |
Primary Scenario | EURUSD is negotiating slightly below the daily pivot point at 1.1255. A persistent trading below this level will trigger the market to retest the support level at 1.1183 and even lower at 1.1109. | ||
Alternative Scenario | A higher thrust of the exchange rate will lift the market above the daily pivot, with immediate target the resistance at 1.1329. |
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