EURUSD is oscillating near the previous low.

June 28, 2016

Article by ForexTime

EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.13421.13901.1443
Support1.12411.11881.1140
Primary ScenarioEURUSD is oscillating near the previous low. A break back below the key support at 1.1016 will push prices lower, targeting the next support level at 1.0910.
Alternative ScenarioAn upward wave will lift the exchange rate towards 1.1140.

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.47711.48381.4903
Support1.46391.45731.4506
Primary ScenarioThe pair is still under pressure. A failed attempt to move higher will pave the path down to 1.3124 and even lower at 1.2878.
Alternative ScenarioAlternatively, further correction of the currency pair will lead GBPUSD towards 1.3463 and then higher at 1.3615.

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4up-trend
Resistance0.96220.96630.9699
Support0.95440.95080.9467
Primary ScenarioUSDCHF is trading near the previous top. A successful attempt to penetrate the hurdle at 0.9787 will fuel the pair to retest the resistance level at 0.9819.
Alternative ScenarioA plunge of the exchange rate will push the pair to find support at 0.9727.

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Down Trend
Resistance102.36103.17103.95
Support101.36100.2298.95
Primary Scenario The USDJPY pair is moving sideways below the cloud. Should the pair manage to breach the key support at 101.36, the next support is seen at 100.22
Alternative ScenarioOn the other hand, a surpass above the barrier at 102.36 will fuel the pair further towards 103.17.

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.75360.75730.7621
Support0.74510.74030.7366
Primary ScenarioAUDUSD bounced up from the previous bottom and is now heading towards 0.7403. A failed attempt to exceed this level will push the pair to find support at 0.7366 and then lower at 0.7320.
Alternative ScenarioA successful penetration of the barrier at 0.7403 will accelerate the pair to hit the resistance level at 0.7451.

AUDUSDH4

 


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