GCMAsia - EURUSD
EURUSD
2017-04-19
| Resistance and Support | Level | Explanation |
| Resistance | 1.0735 | H4 |
| Support | 1.0645 | H4 |
EURUSD, H4: EURUSD has previously broke out from the upper level of ascending triangle, suggesting a change in trend direction to move further upwards. However, recent retracement suggests for a brief technical correction and EURUSD may be traded lower in the short-term. Long-term trend direction suggests for an extension of upward momentum as MACD histogram continues to illustrate upward signal and momentum.
Resistance level: 1.0735, 1.0775
Support level: 1.0645, 1.0570