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USDJPY is trading near the previous low (107.60).
EURUSD | H4 | ||
Resistance | 1.1426 | 1.1457 | 1.1496 |
Support | 1.1356 | 1.1317 | 1.1286 |
Primary Scenario | EURUSD is now poised to penetrate the important resistance level at 1.1426. If that happens, the next resistance is seen at 1.1457 and even higher at 1.1496. | ||
Alternative Scenario | A comeback of the exchange rate below the daily pivot (1.1387) will pave the way down to 1.1356. |
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