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GCMAsia - EURUSD
EURUSD
EURUSD
2018-06-04
Resistance and Support Level Explanation
Resistance 1.1700 Daily
Support 1.1600 Daily

EURUSD, Daily: EURUSD pared its losses following prior rebound while closing above the resistance level at 1.1600. MACD histogram has begin to form an upward signal suggests the pair to extend its gains after closing above the resistance level near 1.1700 and 20-MA line (red).

 

Resistance level: 1.1700, 1.1850

Support level: 1.1600, 1.1445