GCMAsia - EURUSD

EURUSD
2017-08-23
| Resistance and Support | Level | Explanation |
| Resistance | 1.1780 | H4 |
| Support | 1.1720 | H4 |

EURUSD, H4: EURUSD remains traded within a downward channel following prior retracement from the top level. Recent retracement suggests short-term downside bias for EURUSD to extend its losses, towards the next target at the support level of 1.1720.
Resistance level: 1.1780, 1.1840, 1.1890
Support level: 1.1720, 1.1660