GCMAsia - EURUSD
EURUSD
2017-04-20
| Resistance and Support | Level | Explanation |
| Resistance | 1.0735 | H4 |
| Support | 1.0700 | H4 |
EURUSD, H4: EURUSD was traded higher following prior rebound from the support level of 1.0700. However, as the upward signal in MACD histogram continues to narrow sideways while coupled with depreciation in upward momentum, EURUSD may be traded lower in short-term as technical correction. Long-term trend direction suggests EURUSD to be traded higher as both MA lines continue to expand upwards after the formation of golden cross.
Resistance level: 1.0735, 1.0775
Support level: 1.0700, 1.0650