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050918 EURUSD

by | Sep 5, 2018 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2018-09-05
Resistance and Support Level Explanation
Resistance 1.6230 H1
Support 1.1580 H1

EURUSD, H1: EURUSD was traded higher following prior breakout above the previous resistance level 1.1580. Recent price movement and MACD which signal a persistent bullish momentum suggest the pair to extend its gains towards the resistance level 1.6230.

 

Resistance level: 1.6230, 1.1650

Support level: 1.1580, 1.1530