GCMAsia - EURUSD
EURUSD
2017-05-23
| Resistance and Support | Level | Explanation |
| Resistance | 1.1260 | H4 |
| Support | 1.1160 | H4 |
EURUSD, H4: EURUSD extended its uptrend following prior expansion of both moving average line while heading upwards. Currently, it is testing near prior peak at 1.1260. A successful breakout from this level would suggest EURUSD to extend its upward momentum towards the next target of resistance level at 1.1345.
Resistance level: 1.1260, 1.1345
Support level: 1.1160, 1.1070