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020517 EURUSD

by | May 2, 2017 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2017-05-02
Resistance and Support Level Explanation
Resistance 1.0950 H4
Support 1.0895 H4

EURUSD, H4: EURUSD remains traded within a trading range while recently rebounded from the support level of 1.0895. It is expected to be traded higher in short-term, towards the target of resistance level at 1.0950. Long-term trend direction could only be determined after a successful breakout from either side of the range.

 

Resistance level: 1.0950, 1.1000

Support level: 1.0895, 1.0850, 1.0800