GCMAsia - EURUSD
EURUSD
2018-05-29
| Resistance and Support | Level | Explanation |
| Resistance | 1.1665 | H1 |
| Support | 1.1600 | H1 |
EURUSD, H1: EURUSD was traded lower following prior breakout from the bottom level of descending wedge. Both MA lines which continues to expand downwards suggests the pair to advance further down, towards the direction of support level near 1.1600.
Resistance level: 1.1665, 1.1700
Support level: 1.1600, 1.1500