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160418 EURUSD

by | Apr 16, 2018 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2018-04-16
Resistance and Support Level Explanation
Resistance 1.2340 Daily
Support 1.2200 Daily

EURUSD, Daily: EURUSD remained under pressure following prior retrace from the mid-level of sideways channel. Stochastic Oscillator which illustrate retracement signal from the overbought region suggests the pair to extend its losses in the event of a closure below the 20-MA line (red).

 

Resistance level: 1.2340, 1.2500

Support level: 1.2200, 1.2000