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EURUSD has reached fresh lows.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.06701.07951.0875
Support1.04641.03841.0258
Primary ScenarioEURUSD has reached fresh lows in the previous candlestick, indicating bearish sentiment. If the pair manages to extend its downtrend, it will target the support levels at 1.0464 and 1.0384.
Alternative ScenarioOn the other hand, a higher thrust of the market will lift the pair to penetrate the daily pivot (1.0590) and further up at 1.0670. RSI oscillator supports a correction course.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.50511.51751.5254
Support1.48481.47691.4645
Primary ScenarioThe pair tumbled yesterday down to 1.4892. Any decisive movement to the south will push prices to hit the support level at 1.4848 and even lower at 1.4769.
Alternative ScenarioShould GBPUSD achieve to exceed the daily pivot point at 1.4972, the next resistance is seen at 1.5051.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance1.01401.01931.0278
Support1.00020.99160.9863
Primary ScenarioUSDCHF is trading near the previous top (1.0127). A successful attempt to move higher will fuel the pair to breach the hurdle at 1.0140 and further up towards the resistance level at 1.0193.
Alternative ScenarioA comeback of the market will lead the pair to find support at the daily pivot (1.0054).

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance121.66122.02122.82
Support121.24120.94120.45
Primary ScenarioThe pair is still searching for direction. Any forceful movement to the north will most likely trigger the market to retest the barrier at 121.66 and then higher at 122.02.
Alternative ScenarioAlternatively, if USDJPY fall below the support level at 121.24, the next target is estimated at 120.94.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Up Trend
Resistance0.76350.76810.7719
Support0.75510.75130.7467
Primary ScenarioAUDUSD is heading towards the resistance level at 0.7635. A successful surpass above this level will generate strength for the market to target the forthcoming resistance at 0.7681 and then higher at 0.7719.
Alternative ScenarioA setback of the exchange rate will lead the market to violate the daily pivot at 0.7597. If that happens, it will open the way down to 0.7551.

 

AUDUSDH4

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