GCMAsia - EURUSD
EURUSD
2017-04-18
| Resistance and Support | Level | Explanation |
| Resistance | 1.0650 | H1 |
| Support | 1.0635 | H1 |
EURUSD, H1: EURUSD remains traded within a narrowing triangle while recently rebounded from the mid-level of the triangle, near the support level of 1.0635. It is expected to advance further up, towards the top level of the triangle after a successful closure above the resistance level of 1.0650. Long-term trend direction could only be determined after a breakout from either side of the narrowing triangle.
Resistance level: 1.0650, 1.0675
Support level: 1.0635, 1.0620