GCMAsia - EURUSD
EURUSD
2018-03-26
| Resistance and Support | Level | Explanation |
| Resistance | 1.2400 | Daily |
| Support | 1.2270 | Daily |
EURUSD, Daily: EURUSD remains traded within a descending channel while recently consolidates in between the range of 1.2270 and 1.2400. Stochastic Oscillator which illustrate further upside bias towards the overbought region may suggest the pair to advance further up in short-term. Otherwise, long-term trend direction is still subject to the descending channel formation unless a breakout occurs at either side of the channel.
Resistance level: 1.2400, 1.2500
Support level: 1.2270, 1.2170