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USDJPY bloodied in today’s session.
EURUSD | H4 | ||
Resistance | 1.1283 | 1.1354 | 1.1467 |
Support | 1.1099 | 1.0986 | 1.0914 |
Primary Scenario | EURUSD surged above the daily pivot (1.1170) in the previous session. If the pair manages to extend its uptrend, it will target the next resistance level at 1.1283 and even higher at 1.1354. | ||
Alternative Scenario | A tumble of the market will push the pair down to the daily pivot and a further drop of the exchange rate would pave the path down to 1.1099. |
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Source:: USDJPY bloodied in today’s session.