GCMAsia - EURUSD
EURUSD
2017-06-08
| Resistance and Support | Level | Explanation |
| Resistance | 1.1280 | H1 |
| Support | 1.1245 | H1 |
EURUSD, H1: EURUSD remained traded within a sideways channel while recently rebounded from the support level of 1.1245. A closure above the 60-moving average line (green) would suggest EURUSD to advance further up, towards the upper level of the channel. Long-term trend direction could only be determined following a successful breakout from either side of the channel.
Resistance level: 1.1280, 1.1300
Support level: 1.1245, 1.1205, 1.1185