GCMAsia - EURUSD
EURUSD
2017-05-25
| Resistance and Support | Level | Explanation |
| Resistance | 1.1260 | H4 |
| Support | 1.1160 | H4 |
EURUSD, H4: EURUSD snapped out from its losses and rebounded from the support level of 1.1160 while closing above the 20-moving average line (red). As the downward signal from MACD histogram continues to narrow upwards, EURUSD is suggested to advance further up and retest near the resistance level of 1.1260.
Resistance level: 1.1260, 1.1345
Support level: 1.1160, 1.1070