GCMAsia - EURUSD
EURUSD
2017-05-30
| Resistance and Support | Level | Explanation |
| Resistance | 1.1165 | H4 |
| Support | 1.1100 | H4 |
EURUSD, H4: EURUSD has recently broke out from the bottom level of descending triangle, signaling a change in trend direction to move further downwards. As both MA lines continue to narrow downwards, EURUSD is suggested to move lower towards the target of support level at 1.1100.
Resistance level: 1.1165, 1.1265
Support level: 1.1100, 1.1050