EURUSD Technical analysis, The EUR price has witnessed a significant rise since the middle of this month, as daily trading continued in a sideways range for almost a week, with bulls controlling the trend. The uptrend is still intact and ongoing. Currently, the EURUSD price is trading at $1.1138. The EUR is trading above most of the moving average crossovers, which reinforces this trend. In addition, the MACD indicator confirms the strength of the purchase, despite some weakness in the momentum.
How will MACD affect?
The MACD indicator plays a crucial role in determining future trends. If the MACD indicator continues to show positive signals, this will reinforce the strength of the current uptrend of the EURUSD pair. However, if greater weakness signals appear in the MACD, this may indicate a possible decline in the upward momentum, which may lead to a correction in the price or entering a sideways phase. Following the MACD signals will help predict the upcoming price movements and determine the best entry and exit points for trades.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.1153 | 1.1121 | Entry point |
| First resistance: 1.1190 | First support: 1.1090 | Target Point 1 (TP1) |
| Second resistance: 1.1220 | Second support: 1.1060 | Target Point 2 (TP2) |
| 1.1121 | 1.1153 | Stop Loss (SL) |
Based on the current technical data, the uptrend for the EURUSD remains likely as trading continues above the moving averages intersections and the MACD indicator confirms the purchasing power. However, it is necessary to follow the MACD movements closely, as its future signals may be key to understanding the market direction in the coming period.
