GCMAsia - EURUSD
EURUSD
2018-02-26
| Resistance and Support | Level | Explanation |
| Resistance | 1.2500 | Daily |
| Support | 1.2270 | Daily |
EURUSD, Daily: EURUSD extended its losses while forming a double top formation with the neckline at 1.2270. MACD histogram which illustrate significant downward signal suggests further bearish bias. Thus, a break is required at the neckline of 1.2270 in order to further validate such bias.
Resistance level: 1.2500, 1.2600
Support level: 1.2270, 1.2170