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GCMAsia - EURUSD
EURUSD
EURUSD
2018-04-09
Resistance and Support Level Explanation
Resistance 1.2340 Daily
Support 1.2200 Daily

EURUSD, Daily: EURUSD remains traded within a sideways channel while currently testing at the lower boundaries. MACD histogram which illustrate substantial downward signal may suggest the pair to be traded lower in short-term, towards the direction of strong support level at 1.2200.

 

Resistance level: 1.2340, 1.2500

Support level: 1.2200, 1.2000