83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

EURUSD, H4: EURUSD was traded lower following prior breakout below the previous support level 1.1705. However, MACD which illustrate diminishing bearish momentum signal with the starting formation of golden cross suggest the pair to be traded higher in short term back towards the level 1.1705.

 

Resistance level: 1.1705, 1.1800

Support level: 1.1625, 1.1545