EURUSD Technical Analysis today is at the beginning of an upward trend. The Euro Dollar is trading at $1.0810, as prices appear to be trading above most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates the beginning of a positive trend. Accordingly, we can look to buy while waiting for a rise to $1.0812, and the target area could be $1.0840. It is also recommended to choose the $1.0789 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0789 support area is broken, the Euro price may head towards $1.0777.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0819
- First resistance: 1.0815
- Pivot level: 1.0808
- First support: 1.0804
- Second support: 1.0797
