GCMAsia - EURUSD
EURUSD
2017-04-28
| Resistance and Support | Level | Explanation |
| Resistance | 1.0890 | H1 |
| Support | 1.0850 | H1 |
EURUSD, H1: EURUSD remains traded within a descending triangle while recently rebounded near the support level of 1.0850. The rebound suggests EURUSD to be traded higher in short-term towards the target of resistance level at 1.0890. Long-term trend direction could only be determined after a breakout from either side of the triangle.
Resistance level: 1.0890, 1.0920
Support level: 1.0850, 1.0820