GCMAsia - EURUSD
EURUSD
2017-05-24
| Resistance and Support | Level | Explanation |
| Resistance | 1.1210 | H1 |
| Support | 1.1160 | H1 |
EURUSD, H1: EURUSD remains traded within an upward channel while currently testing at the bottom level of the channel. A successful breakout would signal a change in trend direction for EURUSD to move further downwards thereafter. Otherwise, a rebound would suggest EURUSD to be traded higher in short-term within the upward channel.
Resistance level: 1.1210, 1.1260
Support level: 1.1160, 1.1115