EURUSD edged up at 1.1459.

September 21, 2015

Article by ForexTime

EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.14111.15301.1601
Support1.12201.11491.1030
Primary ScenarioEURUSD edged up at 1.1459, before closing below the daily pivot point at 1.1339. A decisive movement to the south will most likely lead the exchange rate to retest the support level at 1.220 and even lower to 1.1149.
Alternative ScenarioA higher thrust of the currency pair will lift the market above the daily pivot, towards the resistance level at 1.1411.

 

EURUSDH4

 

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.56111.57071.5756
Support1.54671.54171.5322
Primary ScenarioThe pair topped up at 1.5658, before retracing below the daily pivot (1.5562). A plunge of GBPUSD will push prices to find support at 1.5467 and then lower at 1.5417.
Alternative ScenarioAlternatively, an upward wave would trigger the market to penetrate the daily pivot, with immediate target the resistance at 1.5611.

 

GBPUSDH4

 

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.97500.98150.9927
Support0.95730.94610.9396
Primary ScenarioUSDCHF bounced up from the previous bottom and is now trading above the daily pivot point at 0.9638. If the pair manages to withhold the sellers’ pressure, the next resistance is seen at 0.9750 and further up to 0.9815.
Alternative ScenarioShould the pair achieve to break the daily pivot, the rate will retest the support level at 0.9573.

 

USDCHFH4

 

USDJPY Technical AnalysisUSDJPYH4Down Trend
Resistance119.93120.18120.46
Support119.65119.25118.84
Primary ScenarioThe pair is now testing the lower level of the cloud at 119.93. A failed attempt to surpass this level will push USDJPY down to the support level at 119.65 and then lower at 119.25.
Alternative ScenarioOn the other hand, a successful attempt to exceed the barrier at 119.93 would fuel the pair further towards the resistance level at 120.18.

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Down Trend
Resistance0.72560.73260.7373
Support0.71390.70920.7022
Primary ScenarioAUDUSD is heading towards the support level at 0.7139. A break back below this level will lead the currency pair to target the forthcoming support levels at 0.7092 and 0.7022.
Alternative Scenario. A surge of the exchange rate will lift the pair to penetrate the daily pivot (0.7209), targeting the resistance level at 0.7256.

 

AUDUSDH4

 


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