{"id":86833,"date":"2016-03-18T06:56:31","date_gmt":"2016-03-18T10:56:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=86833"},"modified":"2016-03-18T06:56:31","modified_gmt":"2016-03-18T10:56:31","slug":"eurusd-reached-the-previous-months-top","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/03\/eurusd-reached-the-previous-months-top\/","title":{"rendered":"EURUSD reached the previous month\u2019s top."},"content":{"rendered":"
March 18, 2016<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n\n\n\n\n\n\n\n
\"EURUSD<\/a><\/td>\nEURUSD<\/td>\nH4<\/td>\n\"up-trend\"<\/td>\n<\/tr>\n
Resistance<\/td>\n1.1369<\/td>\n1.1424<\/td>\n1.1506<\/td>\n<\/tr>\n
Support<\/td>\n1.1232<\/td>\n1.1150<\/td>\n1.1096<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD reached the previous month\u2019s top. If the pair manages to extend its uptrend, it will capture the next resistance level at 1.1369 and even higher at 1.1424.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA plunge of the pair below the daily pivot point at 1.1287 will push prices to find support at 1.1232. RSI oscillator is trading within the overbought territory.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"EURUSDH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"GBPUSD<\/a><\/td>\nGBPUSD<\/td>\nH4<\/td>\n\"up-trend\"<\/td>\n<\/tr>\n
Resistance<\/td>\n1.4577<\/td>\n1.4680<\/td>\n1.4859<\/td>\n<\/tr>\n
Support<\/td>\n1.4295<\/td>\n1.4117<\/td>\n1.4013<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAfter successfully breaching the resistance level at 1.4295 and the daily pivot point, GBPUSD is\u00a0moving sideways above this level. A decisive movement upwards will trigger the market to hit the resistance at 1.4577 and further up to 1.4680.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a reversal back below the daily pivot will open the way down to 1.4295.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"GBPUSDH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDCHF<\/a><\/td>\nUSDCHF<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.9754<\/td>\n0.9837<\/td>\n0.9890<\/td>\n<\/tr>\n
Support<\/td>\n0.9619<\/td>\n0.9566<\/td>\n0.9483<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF\u00a0is still negotiating under pressure. Further drop of the market will lead the exchange rate to find support at 0.9619 and then lower at 0.9566.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA higher thrust of the currency pair above the daily pivot (0.9702) will fuel the rate to retest the hurdle in line at 0.9754. RSI supports this correction course.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDCHFH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"USDJPY<\/a><\/td>\nUSDJPY<\/td>\nH4<\/td>\n\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n111.57<\/td>\n112.24<\/td>\n112.96<\/td>\n<\/tr>\n
Support<\/td>\n111.00<\/td>\n110.65<\/td>\n110.10<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe\u00a0USDJPY pair is following a downtrend. Should the pair achieve to extend its momentum, the next target is estimated at 111.00 and then lower at 110.65.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, an upward wave would lift the exchange rate towards 111.57 and further up to 112.24.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"USDJPYH4\"<\/a><\/p>\n\n\n\n\n\n\n\n
\"AUDUSD<\/a><\/td>\nAUDUSD<\/td>\nH4<\/td>\n\"up-trend\"<\/td>\n<\/tr>\n
Resistance<\/td>\n0.7684<\/td>\n0.7732<\/td>\n0.7808<\/td>\n<\/tr>\n
Support<\/td>\n0.7560<\/td>\n0.7484<\/td>\n0.7437<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD\u00a0is negotiating near a multi-month high. A successful attempt to penetrate the barrier at 0.7684\u00a0will lead the pair to target the forthcoming resistance level at 0.7732 and even higher at 0.7808.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA tumble of the pair below the daily pivot (0.7608) will pave the path down to 0.7560.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"AUDUSDH4\"<\/a><\/p>\n

 <\/p>\n

\n

\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime EURUSD H4 Resistance 1.1369 1.1424 1.1506 Support 1.1232 1.1150 1.1096 Primary Scenario EURUSD reached the previous month\u2019s top. If the pair manages to extend its uptrend, it will capture the next resistance level at 1.1369 and even higher at 1.1424. Alternative Scenario A plunge of the pair below the daily pivot point […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-86833","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/86833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=86833"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/86833\/revisions"}],"predecessor-version":[{"id":86848,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/86833\/revisions\/86848"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=86833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=86833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=86833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}