EURUSD Technical Analysis today is in a bearish trend. The Euro Dollar is trading at $1.0796, as the price trades below most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates a negative trend. Accordingly, we can consider selling by waiting for a drop to $1.0785, and the target area could be $1.0770. It is also recommended to choose the $1.0814 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0814 resistance area is broken, the Euro price may head towards $1.0821.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0812
- First resistance: 1.0805
- Pivot level: 1.0795
- First support: 1.0788
- Second support: 1.0778
