GCMAsia - EURUSD

EURUSD
2020-09-03

EURUSD, H4: EURUSD was traded lower following recent breakout below the previous support level 1.1875. However, MACD which illustrate diminishing bearish momentum suggested the pair to experience a short term technical correction towards the current resistance level 1.1875.
Resistance level: 1.1875, 1.1950
Support level: 1.1775, 1.1690