GCMAsia - EURUSD
EURUSD
2017-08-16
| Resistance and Support | Level | Explanation |
| Resistance | 1.1780 | H4 |
| Support | 1.1720 | H4 |
EURUSD, H4: EURUSD remains traded within a descending triangle following prior rebound from the strong support level at 1.1720. Stochastic Oscillator which illustrates a rebound signal from oversold region suggests EURUSD to be traded higher in short-term, towards the target of 1.1780.
Resistance level: 1.1780, 1.1840
Support level: 1.1720, 1.1650