GCMAsia - EURUSD
EURUSD
2017-04-10
| Resistance and Support | Level | Explanation |
| Resistance | 1.0705 | Daily |
| Support | 1.0565 | Daily |
EURUSD, Daily: EURUSD remains traded within an upward channel while currently testing at the bottom level of the channel, near the support level of 1.0565. A breakout from this level would signal a change in trend direction to move further downwards thereafter. Otherwise, a rebound from this level would suggest EURUSD to be traded higher within the upward channel in short-term.
Resistance level: 1.0705, 1.0820
Support level: 1.0565, 1.0340