GCMAsia - EURUSD
EURUSD
2017-04-04
| Resistance and Support | Level | Explanation |
| Resistance | 1.0700 | H4 |
| Support | 1.0650 | H4 |
EURUSD, H4: EURUSD was traded higher following a rebound from the strong support level of 1.0650. With regards to the MACD indicator which begins to hover outside of downward momentum, EURUSD is expected to experience brief retracement period and may be traded higher in the short-term. Otherwise, long-term trend direction still suggests EURUSD to extend its downward momentum.
Resistance level: 1.0700, 1.0780
Support level: 1.0650, 1.0580