GCMAsia-EURUSD

EURUSD
2020-12-31

EURUSD, H4: EURUSD was traded higher following prior breakout above the previous resistance level at 1.2250. However, MACD which illustrated diminishing bullish momentum suggest the pair to be traded lower in short-term as technical correction.
Resistance level: 1.2330, 1.2400
Support level: 1.2250, 1.2165