GCMAsia - EURUSD
EURUSD
2017-10-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.1740 | H4 |
| Support | 1.1690 | H4 |
EURUSD, H4: EURUSD was traded in consolidation within descending triangle. Continuous upward trough as formed by MACD histogram suggests diminishing selling pressure and it indicates possible short-term momentum for the pair to trade higher toward resistance level at 1.1740.
Resistance level: 1.1740, 1.1820
Support level: 1.1690, 1.1615