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USDJPY plunged into multi-month low.
EURUSD | H4 | ||
Resistance | 1.0813 | 1.0849 | 1.0900 |
Support | 1.0725 | 1.0674 | 1.0638 |
Primary Scenario | EURUSD bounced up from the previous bottom and is now trading above the support level at 1.0813. Further increase of the prices will lead the currency pair to hit the forthcoming resistance at 1.0849 and even higher at 1.0900. | ||
Alternative Scenario | A reversal back below the level at 1.0813 will push the market to find support at the daily pivot point at 1.0762. |
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Source:: USDJPY plunged into multi-month low.