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120517 EURUSD

by | May 12, 2017 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2017-05-12
Resistance and Support Level Explanation
Resistance 1.0915 H4
Support 1.0850 H4

EURUSD, H4: EURUSD was traded higher following prior inability to close below the strong support level of 1.0850. As the MACD indicator continues to hover outside of downward momentum, EURUSD is suggested to extend its retracement period and to be traded higher in short-term.

 

Resistance level: 1.0915, 1.1020

Support level: 1.0850, 1.0795