GCMAsia - EURUSD
EURUSD
2017-08-03
| Resistance and Support | Level | Explanation |
| Resistance | 1.1850 | H4 |
| Support | 1.1775 | H4 |
EURUSD, H4: EURUSD pared its earlier gains following a retrace from the resistance level of 1.1900. MACD which illustrates diminished upward momentum suggests EURUSD to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests an uptrend.
Resistance level: 1.1850, 1.1900
Support level: 1.1775, 1.1700