GCMAsia - 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