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GCMAsia - EURUSD
EURUSD
EURUSD
2018-03-07
Resistance and Support Level Explanation
Resistance 1.2450 H4
Support 1.2390 H4

EURUSD, H4: EURUSD was traded higher following successful breakout at resistance level 1.2390. Arrangement of bullish candlesticks and MACD histogram that displays ongoing bullish momentum would suggest the pair to extend its gains towards the resistance level at 1.2450.

Resistance level: 1.2450, 1.2540

Support level: 1.2390, 1.2340