GCMAsia - EURUSD

EURUSD
2018-08-23
Resistance and Support | Level | Explanation |
Resistance | 1.1580 | H1 |
Support | 1.1530 | H1 |
EURUSD, H1: EURUSD was traded lower following prior breakout below the previous support level 1.1580. Recent price action and MACD which illustrate persistent bearish bias suggest the pair to extend its losses towards the support level 1.1530.
Resistance level: 1.1580, 1.1625
Support level: 1.1530, 1.1485