GCMAsia - EURUSD
EURUSD
2018-03-12
| Resistance and Support | Level | Explanation |
| Resistance | 1.2400 | Daily |
| Support | 1.2270 | Daily |
EURUSD, Daily: EURUSD remains traded within a descending channel following prior retracement from the top level. MACD histogram which illustrate the formation of death cross suggests further bearish bias. Thus, a close below the strong support level at 1.2270 would provide further clarification.
Resistance level: 1.2400, 1.2500
Support level: 1.2270, 1.2170