GCMAsia - EURUSD
EURUSD
2017-05-10
| Resistance and Support | Level | Explanation |
| Resistance | 1.0950 | H4 |
| Support | 1.0880 | H4 |
EURUSD, H4: EURUSD has recently rebounded following prior breakout from the bottom level of upward channel. Such rebound suggests EURUSD to be traded higher in short-term as retracement period. Long-term trend direction suggests EURUSD to be traded lower as both MA line continues to narrow downwards.
Resistance level: 1.0950, 1.1000
Support level: 1.0880, 1.0815