GCMAsia - EURUSD
EURUSD
2017-10-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.1820 | H4 |
| Support | 1.1740 | H4 |
EURUSD, H4: EURUSD was traded higher prior its rebound from support level at 1.1740. The pair is currently testing the resistance level at 1.1820. Successful breakout of the said resistance level will suggest the pair to continue its momentum to trade higher based on upward slope of MACD signal line showing increasing bullish momentum, testing the next resistance level at 1.1870.
Resistance level: 1.1820, 1.1870
Support level: 1.1740, 1.1700