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GCMAsia - EURUSD
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