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010618 EURUSD

by | Jun 1, 2018 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2018-06-01
Resistance and Support Level Explanation
Resistance 1.1700 H4
Support 1.1600 H4

EURUSD, H4: EURUSD was traded lower following prior retracement and closure below the target of 1.1700. MACD histogram which illustrate diminishing upward momentum may suggests the pair to be traded lower in short-term after a bearish retrace from the 60-MA line (green).

 

Resistance level: 1.1700, 1.1750

Support level: 1.1600, 1.1500