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EURUSD is now testing the key support level at 1.1030.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Primary ScenarioEURUSD is now testing the key support level at 1.1030. A break below this level will push prices to find support at 1.0983. Further drop of the market will lead the exchange rate lower towards the next target at 1.0906.
Alternative ScenarioAn upward wave would trigger the market to penetrate the daily pivot at 1.1107 and then higher at 1.1154. RSI oscillator supports this outlook.



GBPUSD Technical AnalysisGBPUSDH4Down Trend
Primary ScenarioThe pair is heading towards the support level at 1.5219. A successful attempt to violate this level will open the way down to 1.5175.
Alternative ScenarioA failed attempt to move lower will lead the market to a correction phase towards the daily pivot at 1.5295. RSI is trading at 24 within an oversold territory.



USDCHF Technical AnalysisUSDCHFH4Up Trend
Primary ScenarioUSDCHF is negotiating near the hurdle at 0.9671. A fruitful movement upwards will lift the pair above this level, targeting the forthcoming resistance at 0.9715 and then higher at 0.9754.
Alternative ScenarioA plunge of the pair below the daily pivot will push the pair to find support at 0.9587.



USDJPY Technical AnalysisUSDJPYH4Up Trend
Primary ScenarioUSDJPY is now poised to retest the resistance level at 119.89. Should the pair achieve to penetrate this level, it will climb towards the next target at 120.25.
Alternative ScenarioA setback of the market will lead the pair to hit the support at 119.67.



AUDUSD Technical AnalysiAUDUSDH4Down Trend
Primary ScenarioThe pair is gyrating the daily pivot at 0.7823. A decisive movement to the south will push prices to reach the support at 0.7786. The next support is seen at 0.7758.
Alternative ScenarioAlternatively, a higher thrust of AUDUSD will fuel the pair to exceed the daily pivot and even higher at 0.7851.



The post EURUSD is now testing the key support level at 1.1030. appeared first on Forex Circles.

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