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EURUSD has launched to the resistance level at 1.2580.

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EURUSD Technical AnalysisEURUSDH4Up Trend
Primary ScenarioEURUSD has launched to the resistance level at 1.2580, after a strong movement upwards. If the pair manages to extend its momentum, it will exceed the hurdle at 1.2580, targeting the resistance at 1.2636.
Alternative ScenarioA setback of the market, will push prices to find support at 1.2489 (daily pivot).



GBPUSD Technical AnalysisGBPUSDH4Up Trend
Primary ScenarioThe pair is now testing the resistance level at 1.5720. A successful breach of this level, will trigger the market towards the next target at 1.5773 and even higher at 1.5837.
Alternative ScenarioA plunge of GBPUSD will lead prices back to the daily pivot (1.5656) and then lower at 1.5603.



USDCHF Technical AnalysisUSDCHFH4Down Trend
Primary ScenarioUSDCHF has violated the daily pivot at 0.9617 and tested the support level at 0.9545. A decisive movement to the south, will push prices to breach this barrier. The next support is seen at 0.9501.
Alternative ScenarioAn upward wave, would lift the pair up to the daily pivot at 0.9617.



USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioThe pair has ended its correction course and it is now heading to the resistance level at 115.88 (Kijun-sen). If USDJPY manages to withhold the sellers’ pressure, it will exceed this level, with immediate target the next resistance at 116.25.
Alternative ScenarioA reversal back of the currency rate, will lead USDJPY to breach the support level at 115.44 and further down to 115.00.



AUDUSD Technical AnalysiAUDUSDH4Up Trend
Primary ScenarioAUDUSD is following an uptrend. Any forceful movement to the north, will push the pair to penetrate the hurdle at 0.8795 and then higher at 0.8844.
Alternative ScenarioShould the pair fail to move higher, it will retrace back to the daily pivot at 0.8721.



The post EURUSD has launched to the resistance level at 1.2580. appeared first on Forex Circles.

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