EURUSD Technical Analysis today is in a bearish trend, as shown in the chart below. The Euro Dollar is trading at 1.08628, with trading below most of the moving average crossovers. The MACD indicator also indicates a bearish trend. Accordingly, we can consider selling from a decline to $1.08377, with a target of $1.08051. It is also recommended to choose the $1.09006 area as a stop-loss point to control risk.
EURUSD Technical Analysis: On the Other Hand
On the other hand, if the sell zone at $1.09006 is broken, the Euro Dollar may head towards $1.09267.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.08912
- First Resistance: 1.08826
- Pivot Level: 1.08694
- First Support: 1.08475
- Second Support: 1.08384
