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GCMAsia - EURUSD
EURUSD
EURUSD
2017-10-03
Resistance and Support Level Explanation
Resistance 1.1930 Daily
Support 1.1715 Daily

EURUSD, Daily: EURUSD remains under pressure following prior retracement before the 60-MA line (green). Both MA lines which continues to narrow downwards suggest the pair to extend its losses after successfully closing below the strong support level of 1.1715.

 

Resistance level: 1.1930, 1.2090

Support level: 1.1715, 1.1480