GCMAsia - EURUSD
EURUSD
2018-05-22
| Resistance and Support | Level | Explanation |
| Resistance | 1.1790 | H4 |
| Support | 1.1725 | H4 |
EURUSD, H4: EURUSD was traded higher following prior rebound from the support level of 1.1725. Recent formation of upward signal from the MACD histogram may suggest the pair to extend its gains in short-term after successfully breaking the resistance level at 1.1790. Otherwise, long-term trend direction is still skewed towards bearish.
Resistance level: 1.1790, 1.1870
Support level: 1.1725, 1.1665