EURUSD Technical Analysis today is in a bearish trend. The Euro Dollar is trading at $1.1109, 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 decline to $1.1088, and the target area could be $1.1058. It is also recommended to choose the $1.1149 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1149 buy area is broken, the Euro price may head towards $1.1166.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1120
- First resistance: 1.1115
- Pivot level: 1.1110
- First support: 1.1105
- Second support: 1.1100
