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GCMAsia - EURUSD
EURUSD
EURUSD
2018-05-28
Resistance and Support Level Explanation
Resistance 1.1700 Daily
Support 1.1600 Daily

EURUSD, Daily: EURUSD was traded higher following prior rebound while currently testing at 1.1700. MACD histogram which illustrate the formation of upward signal may suggests the pair to be traded higher in short-term as technical correction before extending its bearish bias thereafter.

 

Resistance level: 1.1700, 1.1850

Support level: 1.1600, 1.1445