GCMAsia - EURUSD

EURUSD
2019-08-15

EURUSD, H4: EURUSD was traded lower following prior breakout below the previous support level 1.1170. However, MACD which illustrate diminishing bearish momentum suggest the pair to experience a short term technical correction towards the resistance level 1.1170.
Resistance level: 1.1170, 1.1275
Support level: 1.1100, 1.1015