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USDCHF soars today.
EURUSD | H4 | ||
Resistance | 1.0800 | 1.0921 | 1.0987 |
Support | 1.0612 | 1.0546 | 1.0425 |
Primary Scenario | EURUSD is following a downtrend. If the pair manages to extend its momentum, it will violate the support level at 1.0612, with immediate target the forthcoming support at 1.0546. | ||
Alternative Scenario | On the other hand, a higher thrust of the market will lead the pair to penetrate the daily pivot (1.0734) and further up at 1.0800. RSI is trading at 21, within an oversold zone. |
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