EURUSD Technical Analysis: The EUR/USD pair is trading in a bearish trend during the American session. The pair recorded a high of 1.0867 and a low of 1.0847, while the current price is 1.0865.
EURUSD Technical Analysis: Technical Indicators
Looking at the technical indicators, we find that prices are trading below the moving averages, which reinforces the bearish trend. The MACD indicator is also showing a negative trend, but there are signs of weakness in the downward force, which may indicate the possibility of a correction or a slight decline.
Trading Forecast for Today
If the price continues below the moving averages, we may see further decline towards new support levels. However, attention should be paid to any signs of a possible recovery.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | EURUSD |
| 1.0886 | 1.0850 | Entry point |
| First resistance: 1.0899 | First support: 1.0830 | Target Point 1 (TP1) |
| Second resistance: 1.0915 | Second support: 1.0805 | Target Point 2 (TP2) |
| 1.0850 | 1.0886 | Stop Loss (SL) |
Based on the current analysis, traders are advised to monitor price action near support and resistance levels, while being cautious in making trading decisions.
