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GCMAsia - EURUSD
EURUSD
EURUSD
2018-07-24
Resistance and Support Level Explanation
Resistance 1.1710 H4
Support 1.1675 H4

EURUSD. H4: EURUSD was traded lower following prior retracement from the strong resistance near 1.1750. MACD histogram which begins to form a bearish signal suggests further downside bias. However, a close below 1.1675 is required to attain further confirmation.

 

Resistance level: 1.1710, 1.1750

Support level: 1.1675, 1.1640