Previous Story
USDCHF is negotiating near the previous bottom.
EURUSD | H4 | ||
Resistance | 1.1487 | 1.1528 | 1.1599 |
Support | 1.1376 | 1.1306 | 1.1265 |
Primary Scenario | EURUSD is now testing the resistance level at 1.1487. A successful penetration of this level will most likely fuel the pair further towards 1.1528 and then higher at 1.1599. | ||
Alternative Scenario | A reversal back below the daily pivot (1.1417) will push prices to find support at 1.1376. RSI oscillator supports this scenario. |
The post USDCHF is negotiating near the previous bottom. appeared first on FXTM Blog.