GCMAsia - EURUSD
|Resistance and Support||Level||Explanation|
EURUSD, H4: EURUSD remained traded within a downward channel following prior rebound from the bottom level. It is suggested to be traded higher in short-term, towards the resistance level of 1.1140. EURUSD is expected to be traded within the downward channel unless a breakout occurs from either side of the channel.
Resistance level: 1.1140, 1.1190
Support level: 1.1100, 1.1055