EURUSD Technical Analysis today is in an upward trend. As shown in the chart below. The Euro Dollar is trading at 1.05042, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can look to buy from the rise to 1.05107 dollars, and the target area could be 1.05232 dollars. It is also recommended to choose the 1.04876 dollars area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the selling area at 1.04876 dollars is broken, the Euro Dollar price may head towards 1.04789 dollars.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.05278
- First resistance: 1.05167
- Pivot level: 1.04984
- First support: 1.04875
- Second support: 1.04691
