EURUSD is oscillating near the previous low.

June 28, 2016

Article by ForexTime

EURUSD H4
Resistance 1.1342 1.1390 1.1443
Support 1.1241 1.1188 1.1140
Primary Scenario EURUSD 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 Scenario An upward wave will lift the exchange rate towards 1.1140.

GBPUSD H4
Resistance 1.4771 1.4838 1.4903
Support 1.4639 1.4573 1.4506
Primary Scenario The 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 Scenario Alternatively, further correction of the currency pair will lead GBPUSD towards 1.3463 and then higher at 1.3615.

USDCHF H4
Resistance 0.9622 0.9663 0.9699
Support 0.9544 0.9508 0.9467
Primary Scenario USDCHF 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 Scenario A plunge of the exchange rate will push the pair to find support at 0.9727.

USDJPY H4
Resistance 102.36 103.17 103.95
Support 101.36 100.22 98.95
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 Scenario On the other hand, a surpass above the barrier at 102.36 will fuel the pair further towards 103.17.

AUDUSD H4
Resistance 0.7536 0.7573 0.7621
Support 0.7451 0.7403 0.7366
Primary Scenario AUDUSD 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 Scenario A successful penetration of the barrier at 0.7403 will accelerate the pair to hit the resistance level at 0.7451.

 

Article by ForexTime

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