83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - EURUSD
EURUSD
EURUSD
2018-12-05
Resistance and Support Level Explanation
Resistance 1.1365 H4
Support 1.1330 H4

EURUSD, H4: EURUSD was traded lower in a symmetrical triangle while currently testing near the support level at 1.1330. MACD which illustrate bearish momentum and the formation of death cross suggest the pair to extend its losses after successfully closing below the support level at 1.1330.

Resistance level: 1.1365, 1.1395

Support level: 1.1330, 1.1270