EURUSD Technical Analysis today is in a bearish trend, as shown in the chart below. The Euro Dollar is trading at 1.08847, 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 1.08583, with a target of $1.08243. It is also recommended to choose the $1.09226 area as a stop-loss point to control risk.
EURUSD Technical Analysis: On the Other Hand
On the other hand, if the buy zone at $1.09226 is broken, the Euro Dollar may head towards $1.09471.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.08937
- First Resistance: 1.08856
- Pivot Level: 1.08803
- First Support: 1.08720
- Second Support: 1.08678
