GCMAsia - EURUSD
EURUSD
2017-08-24
| Resistance and Support | Level | Explanation |
| Resistance | 1.1820 | H1 |
| Support | 1.1780 | H1 |
EURUSD, H1: EURUSD was traded lower following prior retracement from the strong resistance level of 1.1820 while forming a double top formation. MACD histogram which begins to illustrate negative divergence suggests EURUSD to advance further down, towards the next target at 1.1780.
Resistance level: 1.1820, 1.1845
Support level: 1.1780, 1.1750