GCMAsia - EURUSD
EURUSD
2018-05-21
| Resistance and Support | Level | Explanation |
| Resistance | 1.2170 | Weekly |
| Support | 1.1760 | Weekly |
EURUSD, Weekly: EURUSD tumbled lower following prior closure below the 20-MA line (red). Recent price action suggests further bearish bias and thus a close below the 60-MA line (green) at 1.1760 would suggests the pair to extend its losses, towards next target at 1.1455 thereafter.
Resistance level: 1.2170, 1.2575
Support level: 1.1760, 1.1455