EURUSD Technical Analysis: today is in a bearish trend. As shown in the chart below. The Euro Dollar is trading at 1.0512, and trading appears above most of the moving average crossovers, and the MACD indicator indicates a weak negative trend. Accordingly, we can consider selling from the decline to 1.0498 dollars, and the target could be the 1.0476 dollars area. It is also recommended to choose the 1.0540 dollars area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at 1.0540 dollars is broken, the Euro Dollar price may head towards the 1.0555 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0530
- First resistance: 1.0523
- Pivot level: 1.0513
- First support: 1.0506
- Second support: 1.0496
