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GCMAsia - EURUSD
EURUSD
EURUSD
2018-08-27
Resistance and Support Level Explanation
Resistance 1.1760 Daily
Support 1.1525 Daily

EURUSD, Daily: EURUSD was traded higher following prior breakout above the previous resistance level 1.1525. Recent price action and MAC which illustrate clear bullish signal with the golden cross formation suggest the pair may extend its gains towards the resistance level 1.1760.

 

Resistance level: 1.1760, 1.1925

Support level: 1.1525, 1.1315