EURUSD is still under pressure.

May 25, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1199 1.1260 1.1293
Support 1.1104 1.1071 1.1010
Primary Scenario EURUSD is still under pressure. Further bearish momentum will most likely push prices to find support at 1.1104 and then lower at 1.1071.
Alternative Scenario Should the pair manage to exceed the daily pivot at 1.1165, the next resistance is seen at 1.1199.

GBPUSD H4
Resistance 1.4690 1.4751 1.4861
Support 1.4520 1.4410 1.4350
Primary Scenario A strong bullish movement led GBPUSD above the daily pivot (1.4580). If the pair achieves to extend its momentum, it will climb towards the hurdle at 1.4690 and even higher at 1.4751.
Alternative Scenario Alternatively, a successful violation of the daily pivot will pave the path down to 1.4520.

USDCHF H4
Resistance 0.9948 0.9967 0.9998
Support 0.9899 0.9869 0.9850
Primary Scenario USDCHF is trading on the daily pivot point at 0.9918. A decisive movement to the north will trigger the market to hit the resistance level at 0.9948 and further up to 0.9967.
Alternative Scenario A break back below the daily pivot will lead the market to find support at 0.9899.

USDJPY H4
Resistance 110.18 110.57 110.94
Support 109.84 109.42 109.09
Primary Scenario The pair is moving sideways above the kumo. If USDJPY manages to withstand the sellers’ pressure, it will retest the barrier at 110.18. A successful attempt to penetrate this level will fuel the pair further towards 110.57.
Alternative Scenario On the other hand, a breach of the key support at 109.84 will open the way down to 109.42.

AUDUSD H4
Resistance 0.7224 0.7267 0.7307
Support 0.7141 0.7101 0.7058
Primary Scenario AUDUSD is heading towards the resistance level at 0.7224. If the pair achieves to surpass this level, it will target the forthcoming resistance at 0.7267 and even higher at 0.7307.
Alternative Scenario A plunge of the market below the daily pivot (0.7184) will lead the exchange rate down to 0.7141.

 

Article by ForexTime

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