GCMAsia - EURUSD
EURUSD
2017-04-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.0680 | H1 |
| Support | 1.0655 | H1 |
EURUSD, H1: EURUSD remains traded within a sideways channel while currently testing at the top level of the channel, near the resistance level of 1.0680. A breakout from this level would signal a change in trend direction to move further upwards thereafter. Otherwise, a retrace from this level would suggest EURUSD to be traded lower in the short-term thereafter.
Resistance level: 1.0680, 1.0700
Support level: 1.0655, 1.0635, 1.0615