83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - EURUSD
EURUSD
EURUSD
2018-04-11
Resistance and Support Level Explanation
Resistance 1.2380 H1
Support 1.2350 H1

EURUSD, H1: EURUSD was traded higher within an ascending channel prior breaking resistance level at 1.2350. However, death-cross as formed by MACD signal line would suggest the pair to extend its losses if breakout at the 50.0 Fibonacci level is successful.

Resistance level: 1.2380, 1.2400

Support level: 1.2350, 1.2330