GCMAsia - EURUSD

EURUSD
2018-04-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.2380 | H1 |
| Support | 1.2350 | H1 |

EURUSD, H1: EURUSD was traded higher within an ascending channel prior breaking resistance level at 1.2350. However, death-cross as formed by MACD signal line would suggest the pair to extend its losses if breakout at the 50.0 Fibonacci level is successful.
Resistance level: 1.2380, 1.2400
Support level: 1.2350, 1.2330