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GCMAsia - EURUSD
EURUSD
EURUSD
2017-06-19
Resistance and Support Level Explanation
Resistance 1.1285 Daily
Support 1.1130 Daily

EURUSD, Daily: EURUSD remained traded within a range of 1.1130 and 1.1285 while recently retraced from the 20-moving average line (red). It is suggested to fallback towards the lower level of the range in short-term, heading towards the target of 1.1130. Long-term trend direction could only be determined after a successful closure at either side of the range.

 

Resistance level: 1.1285, 1.1400

Support level: 1.1130, 1.1000

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