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GCMAsia - EURUSD
EURUSD
EURUSD
2018-08-23
Resistance and Support Level Explanation
Resistance 1.1580 H1
Support 1.1530 H1

EURUSD, H1: EURUSD was traded lower following prior breakout below the previous support level 1.1580. Recent price action and MACD which illustrate persistent bearish bias suggest the pair to extend its losses towards the support level 1.1530.

 

Resistance level: 1.1580, 1.1625

Support level: 1.1530, 1.1485