GCMAsia - EURUSD
EURUSD
2017-03-23
| Resistance and Support | Level | Explanation |
| Resistance | 1.0820 | Daily |
| Support | 1.0700 | Daily |
EURUSD, Daily: EURUSD has shaped a head and shoulders formation while recently it has retraced from the neckline of 1.0820. In the short-term, EURUSD is expected to drift lower as brief technical correction. Otherwise, long-term trend direction suggests EURUSD to advance further up and retest near the neckline of 1.0820.
Resistance level: 1.0820, 1.0945, 1.1040
Support level: 1.0700, 1.0565, 1.0335