GCMAsia - EURUSD
EURUSD
2017-03-27
| Resistance and Support | Level | Explanation |
| Resistance | 1.0930 | Daily |
| Support | 1.0820 | Daily |
EURUSD, Daily: EURUSD opened the week above the key neckline of inverse head and shoulders formation of 1.0820, signaling a change in trend direction to move further upwards. As the MACD histogram continues to illustrate upward signal while coupled with recent golden cross formation from both MA lines, EURUSD is expected to advance further up, towards the next target of resistance level at 1.0930.
Resistance level: 1.0930, 1.1090
Support level: 1.0820, 1.0705