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301017 EURUSD

by | Oct 30, 2017 | EUR/USD | 0 comments

GCMAsia - EURUSD
EURUSD
EURUSD
2017-10-30
Resistance and Support Level Explanation
Resistance 1.1700 Daily
Support 1.1600 Daily

EURUSD, Daily: EURUSD extended its losses following prior breakout from the head and shoulders neckline at 1.1700. Both MA line which continues to expand downwards suggest the pair to move further down after closing below the psychological level of 1.1600.

 

Resistance level: 1.1700, 1.1860

Support level: 1.1600, 1.1450