EURUSD Technical Analysis today is in a downtrend. The Euro Dollar is trading at $1.0915, as prices appear to be trading below most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates a weak negative trend. Accordingly, we can consider selling by waiting for a drop to $1.0891, and the target area could be $1.0862. It is also recommended to choose the $1.0956 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0956 resistance area is broken, the Euro price may head towards $1.0982.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0937
- First resistance: 1.0921
- Pivot level: 1.0912
- First support: 1.0896
- Second support: 1.0887
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