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161020 EURUSD

by | Oct 16, 2020 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2020-10-16

EURUSD, H4: EURUSD was traded lower while currently testing the support level 1.1700. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to be traded higher as a technical correction towards the resistance level 1.1770.

 

Resistance level: 1.1770, 1.1830

Support level: 1.1700, 1.1620