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USDJPY pummeled in the previous session.
EURUSD | H4 | ||
Resistance | 1.1082 | 1.1144 | 1.1246 |
Support | 1.0919 | 1.0817 | 1.0755 |
Primary Scenario | EURUSD surged in a multi-month high. If the pair achieves to extend its momentum, it will climb towards the resistance levels at 1.1082 and then higher at 1.1144. | ||
Alternative Scenario | A reversal back below the daily pivot (1.0980) will open the way down to 1.0919. RSI oscillator is trading within the overbought zone. |
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