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USDJPY attempts to prevail within the cloud.
EURUSD | H4 | ||
Resistance | 1.1146 | 1.1186 | 1.1224 |
Support | 1.1067 | 1.1029 | 1.0989 |
Primary Scenario | After reaching the support level at 1.1067, EURUSD has surpassed the daily pivot at 1.4408. Further correction of the market will fuel the pair to exceed the hurdle at 1.1146, with immediate target the resistance at 1.1186. | ||
Alternative Scenario | A tumble of the exchange rate would push the pair below the daily pivot, targeting the support level at 1.1067. |
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