GCMAsia - EURUSD
EURUSD
2017-04-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.0600 | H1 |
| Support | 1.0585 | H1 |
EURUSD, H1: EURUSD was traded lower following previous retracement from the resistance level of 1.0600. As the MACD histogram’s upward signal line begins to narrow sideways and may form an imminent downward signal, EURUSD is expected to extend its downward momentum after breaking the support level of 1.0585.
Resistance level: 1.0600, 1.0620
Support level: 1.0585, 1.0570