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USDCHF tested the hurdle at 0.9766.
EURUSD | H4 | ||
Resistance | 1.1179 | 1.1240 | 1.1273 |
Support | 1.1085 | 1.1051 | 1.0991 |
Primary Scenario | EURUSD is following a downtrend. A failed attempt for a correction course will lead the market underway towards the support level at 1.1085 and then lower to 1.1051. | ||
Alternative Scenario | An upward wave would bring the market above the daily pivot, with immediate target the resistance at 1.1179. |
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Source:: USDCHF tested the hurdle at 0.9766.