GCMAsia - EURUSD
EURUSD
2017-04-25
| Resistance and Support | Level | Explanation |
| Resistance | 1.0875 | H1 |
| Support | 1.0830 | H1 |
EURUSD, H1: EURUSD remains traded within a trading range of 1.0830 and 1.0875 following prior retracement from the top level of the range. Recent closure below the 20-moving average line (red) suggests EURUSD to be traded lower in short-term, towards the bottom level of the range at 1.0830. Long-term trend direction could only be determined after a successful breakout from either side of the range.
Resistance level: 1.0875, 1.0920
Support level: 1.0830, 1.0795