GCMAsia - EURUSD
EURUSD
2017-11-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.1700 | Daily |
| Support | 1.1600 | Daily |
EURUSD, Daily: EURUSD extended its bearish momentum following prior failure to close above the resistance level of 1.1700. Both MA lines which continues to expand downwards suggest ongoing bearish bias and a successful close below the strong support level of 1.1600 would suggest an extension of downward momentum.
Resistance level: 1.1700, 1.1860
Support level: 1.1600, 1.1450