GCMAsia - EURUSD
EURUSD
2018-03-09
| Resistance and Support | Level | Explanation |
| Resistance | 1.2340 | H4 |
| Support | 1.2300 | H4 |
EURUSD, H4: EURUSD was traded lower prior breaking support by 200-MA line and support level at 1.2310. The pair is currently testing the next support level at 1.2300. MACD histogram that portrays increasing bearish momentum would suggest the pair to extend its losses if breakout at the said support level is successful.
Resistance level: 1.2340, 1.2380
Support level: 1.2300, 1.2270