GCMAsia - EURUSD
EURUSD
2017-07-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.1360 | H4 |
| Support | 1.1300 | H4 |
EURUSD, H4: EURUSD was traded lower following prior retracement from the resistance level of 1.1360. As EURUSD remained hovered in between both MA lines, it is suggested to experience brief retracement within the range 1.1300 and 1.1360. Otherwise, its long-term direction bias could only be determined after successfully breaking either side of the range.
Resistance level: 1.1360, 1.1400
Support level: 1.1300, 1.1250