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EURUSD is intended to surpass the key resistance level at 1.1429.

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EURUSD Technical AnalysisEURUSDH4Up Trend
Resistance1.14291.14631.1511
Support1.13471.12991.1265
Primary ScenarioEURUSD is intended to surpass the key resistance level at 1.1429. If that happens, the next resistance is seen at 1.1463 and even higher at 1.1511.
Alternative ScenarioA fruitless attempt to penetrate the hurdle at 1.1429 will push prices lower towards the daily pivot at 1.1381 and further down to 1.1347.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Up Trend
Resistance1.54951.55551.5632
Support1.53571.52801.5220
Primary ScenarioThe pair surged into fresh high. If GBPUSD manages to extend its uptrend, it will target the forthcoming resistances at 1.5495 and then higher at 1.5555.
Alternative ScenarioA setback of the rate below the daily pivot (1.5418), will open the way down to the next support level at 1.5357.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.94750.95310.9612
Support0.93380.92570.9201
Primary ScenarioUSDCHF finally managed to exceed the daily pivot point at 0.9394. A sustained trading above this level will most likely lead the pair higher up to the resistance levels at 0.9475 and 0.9531.
Alternative ScenarioA plunge of the market below the daily pivot will push the pair to find support at 0.9338.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Down Trend
Resistance118.92119.40119.87
Support118.45118.22117.78
Primary ScenarioThe pair is trading slightly above the lower level of the Kumo. Should USDJPY achieve to violate this level, it will fall further towards the support levels at 118.45 and then lower at 118.22.
Alternative ScenarioAlternatively, a higher thrust of the exchange rate will lift the market within the cloud up to 118.92.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.78390.78700.7903
Support0.77750.77420.7711
Primary ScenarioAUDUSD is gyrating the daily pivot (0.7806). A decisive movement to the south will push the market to target the support level at 0.7775 and further down to 0.7742.
Alternative ScenarioAn upward wave would push the pair to breach the daily pivot, with immediate target the resistance at 0.7839.

 

AUDUSDH4

The post EURUSD is intended to surpass the key resistance level at 1.1429. appeared first on Forex Circles.

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