GCMAsia - EURUSD
EURUSD
2018-05-07
| Resistance and Support | Level | Explanation |
| Resistance | 1.2055 | Daily |
| Support | 1.1935 | Daily |
EURUSD, Daily: EURUSD was traded higher following prior rebound while currently testing near the strong support level of 1.1935. MACD histogram which illustrate diminishing downward momentum may suggests the pair to be traded higher in short-term as technical correction. Otherwise, long-term trend direction is skewed towards bearish.
Resistance level: 1.2055, 1.2170
Support level: 1.1935, 1.1770