EURUSD Technical Analysis today is in a downtrend. The EUR/USD is trading at $1.1126, as prices appear to be trading below most of the moving average crossovers shown on the chart. The MACD indicator also indicates a negative trend, and accordingly, we can consider selling from the downside to $1.1116, and the target area could be $1.1099. It is also advisable to choose the $1.1152 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1152 buy zone is broken, the EUR price may head towards $1.1164.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1136
- First resistance: 1.1131
- Pivot level: 1.1126
- First support: 1.1120
- Second support: 1.1116
