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GCMAsia - EURUSD
EURUSD
EURUSD
2017-06-16
Resistance and Support Level Explanation
Resistance 1.1160 H4
Support 1.1100 H4

EURUSD, H4: EURUSD has recently broke out from the bottom level of ascending triangle, signaling a change in trend direction to move further downwards. As MACD histogram continues to illustrate downward signal and momentum, EURUSD is expected to advance further down towards the target of 1.1100.

 

Resistance level: 1.1160, 1.1225, 1.1280

Support level: 1.1100, 1.1040