GCMAsia - EURUSD
EURUSD
2017-03-28
| Resistance and Support | Level | Explanation |
| Resistance | 1.0870 | H4 |
| Support | 1.0825 | H4 |
EURUSD, H4: EURUSD was traded lower following previous retracement while currently testing near the resistance level of 1.0870. As the upward signal line from MACD histogram begins to narrow sideways, EURUSD may be traded lower in the short-term as technical correction. Otherwise, long-term trend direction suggests EURUSD to extend its prior uptrend.
Resistance level: 1.0870, 1.0920
Support level: 1.0825, 1.0775