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070417 EURUSD

by | Apr 7, 2017 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2017-04-07
Resistance and Support Level Explanation
Resistance 1.0655 H1
Support 1.0635 H1

EURUSD, H1: EURUSD remains traded within the sideways channel following prior rebound from the bottom level of the channel. It is expected to be traded higher in short-term, towards the upper level of the channel after breaking the resistance level of 1.0655. Otherwise, long-term trend direction could only be determined following a successful breakout from either side of the channel.

 

Resistance level: 1.0655, 1.0680, 1.0700

Support level: 1.0635, 1.0615