GCMAsia - EURUSD
EURUSD
2017-06-02
| Resistance and Support | Level | Explanation |
| Resistance | 1.1220 | H4 |
| Support | 1.1165 | H4 |
EURUSD, H4: EURUSD was thinly traded near the resistance level of 1.1220 following prior retracement from previous high. However, as the MACD indicator begins to hover outside of upward momentum, EURUSD may be traded lower in short-term as technical correction. Otherwise, long-term trend direction suggests EURUSD to move further up after closing above 1.1220.
Resistance level: 1.1220, 1.1265
Support level: 1.1165, 1.1100