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USDJPY: The strength of the market faded.
Posted On 25 Nov 2014
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EURUSD | H4 | ||
Resistance | 1.2469 | 1.2497 | 1.2551 |
Support | 1.2387 | 1.2333 | 1.2305 |
Primary Scenario | The pair retraced from the previous dip and managed to exceed the daily pivot at 1.2415. An upward momentum will lead EURUSD higher towards the resistance level at 1.2469 and further up at 1.2497. | ||
Alternative Scenario | On the other hand, a breach below the daily pivot will push prices to find support at 1.2387. |
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