{"id":89899,"date":"2016-05-18T04:19:31","date_gmt":"2016-05-18T08:19:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=89899"},"modified":"2016-05-18T04:19:31","modified_gmt":"2016-05-18T08:19:31","slug":"eurusd-has-violated-the-key-support-level-at-1-1291","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/eurusd-has-violated-the-key-support-level-at-1-1291\/","title":{"rendered":"EURUSD has violated the key support level at 1.1291."},"content":{"rendered":"
May 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\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.1338<\/td>\n1.1366<\/td>\n1.1385<\/td>\n<\/tr>\n
Support<\/td>\n1.1291<\/td>\n1.1273<\/td>\n1.1245<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nEURUSD has violated the key support level at 1.1291. Further drop of the market will push prices down to 1.1273 and even lower at 1.1245.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAn upward wave above the daily pivot (1.1319) will lift the exchange rate towards 1.1338.<\/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\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n1.4523<\/td>\n1.4587<\/td>\n1.4651<\/td>\n<\/tr>\n
Support<\/td>\n1.4395<\/td>\n1.4331<\/td>\n1.4267<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nThe pair is oscillating around the daily pivot point at 1.4459. A decisive movement to the south will most likely lead GBPUSD towards the support level at 1.4395 and further down to 1.4331.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nOn the other hand, a successful attempt to penetrate the daily pivot will fuel the pair to retest the hurdle at 1.4523.<\/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\"up-trend\"<\/td>\n<\/tr>\n
Resistance<\/td>\n0.9824<\/td>\n0.9844<\/td>\n0.9881<\/td>\n<\/tr>\n
Support<\/td>\n0.9766<\/td>\n0.9730<\/td>\n0.9709<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nUSDCHF\u00a0surged above the hurdle at 0.9824 in today\u2019s session. Should the pair manage to extend its momentum, it will target the forthcoming resistance levels at 0.9844 and 0.9880.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\n\u00a0A plunge of the currency pair below the daily pivot will pave the path down to 0.9766. RSI oscillator supports this outlook.<\/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\"up-trend\"<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n109.21<\/td>\n109.63<\/td>\n110.18<\/td>\n<\/tr>\n
Support<\/td>\n108.71<\/td>\n108.34<\/td>\n107.90<\/td>\n<\/tr>\n
Primary Scenario<\/td>\n\u00a0The\u00a0USDJPY pair is now poised to surpass the barrier at 109.21. If that happens, the next resistance is estimated at 109.63 and then higher\u00a0at 110.18.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nAlternatively, a tumble of the market will push the market to violate the support at 108.71, with immediate target the upper level of the cloud at 108.34.<\/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\"Down<\/a><\/td>\n<\/tr>\n
Resistance<\/td>\n0.7365<\/td>\n0.7407<\/td>\n0.7449<\/td>\n<\/tr>\n
Support<\/td>\n0.7281<\/td>\n0.7239<\/td>\n0.7197<\/td>\n<\/tr>\n
Primary Scenario<\/td>\nAUDUSD\u00a0is now testing the support at 0.7281. A break back below this level will open the way down to 0.7239 and even lower at 0.7197.<\/td>\n<\/tr>\n
Alternative Scenario<\/td>\nA\u00a0higher thrust of the market will trigger the pair to retest the daily pivot (0.7323) and further up to 0.7365.<\/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 1.1338 1.1366 1.1385 Support 1.1291 1.1273 1.1245 Primary Scenario EURUSD has violated the key support level at 1.1291. Further drop of the market will push prices down to 1.1273 and even lower at 1.1245. Alternative Scenario An upward wave above the daily pivot (1.1319) will lift the exchange rate […]<\/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-89899","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89899","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=89899"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89899\/revisions"}],"predecessor-version":[{"id":89909,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89899\/revisions\/89909"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}