GCMAsia - EURUSD

EURUSD
2017-10-31
| Resistance and Support | Level | Explanation |
| Resistance | 1.1655 | H4 |
| Support | 1.1605 | H4 |

EURUSD, H4: EURUSD was traded lower following prior retracement near the 20-MA line (red) at the target of 1.1665. Both MA lines which continues to expand downwards suggest the pair to retreats and advance towards the direction of support level at 1.1605.
Resistance level: 1.1655, 1.1720
Support level: 1.1605, 1.1530