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USDJPY is trading within the cloud.
EURUSD | H4 | ||
Resistance | 1.0662 | 1.0691 | 1.0726 |
Support | 1.0598 | 1.0563 | 1.0534 |
Primary Scenario | EURUSD is gyrating the daily pivot point at 1.0627. A decisive movement to the south will lead the pair to retest the support level at 1.0598 and then lower at 1.0563. | ||
Alternative Scenario | A surge of the market above the daily pivot will lift the exchange rate towards the resistance level at 1.0662. |
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