GCMAsia - EURUSD
EURUSD
2017-06-05
| Resistance and Support | Level | Explanation |
| Resistance | 1.1285 | Daily |
| Support | 1.1100 | Daily |
EURUSD, Daily: EURUSD extended its gains following prior rebound from the support level of 1.1100. However, MACD indicator begins to drift outside of upward momentum suggest EURUSD to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests EURUSD for further upside.
Resistance level: 1.1285, 1.1425
Support level: 1.1100, 1.0950