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300518 EURUSD

by | May 30, 2018 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2018-05-30
Resistance and Support Level Explanation
Resistance 1.1600 H1
Support 1.1500 H1

EURUSD, H1: EURUSD remained traded within a mini descending wedge following prior retracement from the upper level. Recent formation of retrace signal prior to the overbought region suggests the pair to be traded lower in short-term, towards the lower level of the formation.

 

Resistance level: 1.1600, 1.1665

Support level: 1.1500, 1.1450