GCMAsia - EURUSD
EURUSD
2017-03-29
| Resistance and Support | Level | Explanation |
| Resistance | 1.0850 | H4 |
| Support | 1.0805 | H4 |
EURUSD, H4: EURUSD was traded lower following a retrace from previous high at 1.0905 while currently testing at the support level of 1.0805. As the MACD indicator continues to drift outside of upward momentum, EURUSD is expected to extend its technical correction and to be traded lower in short-term. Otherwise, long-term trend direction still suggests an extension of uptrend.
Resistance level: 1.0850, 1.0905
Support level: 1.0805, 1.0745