GCMAsia - EURUSD
|Resistance and Support||Level||Explanation|
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