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USDJPY: The strength of the market faded.
EURUSD | H4 | ||
Resistance | 1.1238 | 1.1258 | 1.1279 |
Support | 1.1197 | 1.1176 | 1.1156 |
Primary Scenario | EURUSD bounced up from the previous bottom and is now testing the hurdle at 1.1238. A successful attempt to penetrate this level will most likely trigger the market to hit the forthcoming resistance at 1.1258. | ||
Alternative Scenario | A reversal back below the daily pivot point (1.1217) will push prices to find support at 1.1197. |
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