GCMAsia - EURUSD
EURUSD
2017-11-08
| Resistance and Support | Level | Explanation |
| Resistance | 1.1670 | H4 |
| Support | 1.1570 | H4 |
EURUSD, H4: EURUSD was traded higher prior its failure to break support level at 1.1570. Formation of modified morning star candlestick pattern and golden-cross by MACD signal line suggest the pair to undergo short-term technical correction to trade higher toward the resistance level at 1.1670.
Resistance level: 1.1670, 1.1750
Support level: 1.1570, 1.1480