EURUSD Technical Analysis today is in a bearish trend, as shown in the chart below. The Euro Dollar is trading at 1.08469, 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 1.08285, with a target of $1.28082. It is also recommended to choose the $1.08692 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 $1.08692 is broken, the Euro Dollar may head towards $1.08814.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.08670
- First Resistance: 1.08576
- Pivot Level: 1.08402
- First Support: 1.08303
- Second Support: 1.08135
