EURUSD Technical Analysis today is in a downward trend. As the euro dollar is trading at $ 1.1040, as it appears to trade prices below most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend and accordingly, we can look to sell from the decline to $ 1.1022, and the target area could be $ 1.1000. It is also recommended to choose the $ 1.1068 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $ 1.1068 buy area is broken, the euro price may head towards $ 1.1085.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1042
- First resistance: 1.1042
- Pivot level: 1.1039
- First support: 1.1034
- Second support: 1.1031
