EURUSD has experienced high volatility.

August 14, 2014

Article by ForexTime

EURUSD H4
Resistance 1.3404 1.3446 1.3477
Support 1.3332 1.3300 1.3259
Primary Scenario The pair has experienced high volatility in the previous session, before it closed below the daily pivot at 1.3373. Any forceful movement downwards will push the market to find support at 1.3332 and even lower at 1.3300.
Alternative Scenario If EURUSD achieves to emerge above the daily pivot, it will lift the rate to retest the resistance at 1.3404.

 

GBPUSD H4
Resistance 1.6787 1.6887 1.6939
Support 1.6636 1.6584 1.6484
Primary Scenario A strong movement led GBPUSD to violate the daily pivot (1.6736). If the pair manages to extend its downtrend, it will target the support at 1.6636 and even lower to 1.6584.
Alternative Scenario An upward wave should bring the pair to a correction phase up to the daily pivot. RSI oscillator supports this sentiment.

 

USDCHF H4
Resistance 0.9101 0.9127 0.9158
Support 0.9044 0.9014 0.8987
Primary Scenario USDCHF is moving sideways, searching for direction. Any decisive movement to the north will trigger the market to reach the resistance level at 0.9101 and further up at 0.9127.
Alternative Scenario A plunge of the market below the daily pivot, will most likely send prices to retest the support at 0.9044.

 

USDJPY H4
Resistance 102.65 102.91 103.07
Support 102.42 102.08 101.50
Primary Scenario The bulls managed to beat the bears and USDJPY crossed above the cloud. A new bullish outlook is in effect. A sustained trading above the Kumo will generate strength for the market to penetrate the barrier at 102.65. The next resistance is estimated at 102.91.
Alternative Scenario Should the pair manage to break below the support at 102.42, it will bring USDJPY again in the search of direction.

 

AUDUSD H4
Resistance 0.9327 0.9350 0.9383
Support 0.9270 0.9238 0.9214
Primary Scenario The AUDUSD pair has finally surpassed the daily pivot at 0.9294. If the pair manages to withhold the sellers’ pressure, it will climb towards the resistance level at 0.9327 and then higher at 0.9350.
Alternative Scenario A break back below the daily pivot, will lead the rate lower to the support at 0.9270.

 

 

Article by ForexTime

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