GCMAsia - EURUSD

EURUSD
2018-10-12
| Resistance and Support | Level | Explanation |
| Resistance | 1.1605 | H1 |
| Support | 1.1570 | H1 |

EURUSD, H1: EURUSD was traded lower following prior retracement from the resistance level 1.1605. MACD which display bearish momentum and the formation of a death cross suggest the pair to extend its retracement towards the support level 1.1570.
Resistance level: 1.1605, 1.1625
Support level: 1.1570, 1.1540