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USDJPY: The bearish outlook remains in effect.
EURUSD | H4 | ||
Resistance | 1.0843 | 1.0926 | 1.1036 |
Support | 1.0650 | 1.0541 | 1.0458 |
Primary Scenario | EURUSD has successfully penetrated the daily pivot (1.0734) – a key resistance. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance level at 1.0843 and even higher at 1.0926. | ||
Alternative Scenario | Should the pair manage to break back below the daily pivot, the next support is seen at 1.0650. |
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