December 10, 2015
Article by ForexTime
 | EURUSD | H4 |  |
| Resistance | 1.1082 | 1.1144 | 1.1246 |
| Support | 1.0919 | 1.0817 | 1.0755 |
| Primary Scenario | EURUSD surged in a multi-month high. If the pair achieves to extend its momentum, it will climb towards the resistance levels at 1.1082 and then higher at 1.1144. | ||
| Alternative Scenario | A reversal back below the daily pivot (1.0980) will open the way down to 1.0919. RSI oscillator is trading within the overbought zone. | ||
 | GBPUSD | H4 | |
| Resistance | 1.5242 | 1.5310 | 1.5429 |
| Support | 1.5055 | 1.4936 | 1.4868 |
| Primary Scenario | The pair has finally managed to penetrate the daily pivot point at 1.5123. A sustained trading above this level will trigger GBPUSD to target the resistance level at 1.5242 and further up to 1.5310. | ||
| Alternative Scenario | On the other hand, a plunge of the pair below the daily pivot will push prices to find support at 1.5055. | ||
 | USDCHF | H4 |  |
| Resistance | 0.9907 | 0.9987 | 1.0031 |
| Support | 0.9783 | 0.9739 | 0.9659 |
| Primary Scenario | USDCHF is following a downtrend. Further drop of the market will lead the pair to hit the support level at 0.9783 and even lower to 0.9739. | ||
| Alternative Scenario | Should the pair manage to exceed the daily pivot (0.9863), the next resistance is seen at 0.9907. RSI supports this outlook. | ||
 | USDJPY | H4 | |
| Resistance | 121.74 | 122.06 | 122.47 |
| Support | 121.44 | 121.06 | 120.53 |
| Primary Scenario | The USDJPY pair pummeled in the previous session. A decisive movement to the south will push the exchange rate to breach the support at 121.44, targeting the forthcoming support level at 121.06. RSI is trading within the oversold territory. | ||
| Alternative Scenario | Alternatively, a higher thrust of the pair above the barrier at 121.74 will lift the market towards 122.06. | ||
 | AUDUSD | H4 | |
| Resistance | 0.7257 | 0.7287 | 0.7330 |
| Support | 0.7184 | 0.7141 | 0.7110 |
| Primary Scenario | AUDUSD turned sharply bullish in today’s session. If the pair manages to surpass the resistance at 0.7287, the next resistance is seen at 0.7330. | ||
| Alternative Scenario. | A comeback of the currency pair will push the market to breach the support at 0.7257, with immediate target the daily pivot at 0.7214. | ||
Article by ForexTime
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