EURUSD Technical Analysis today is in a downtrend. The Euro Dollar is trading at $1.0899, 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 $1.0885, and the target area could be $1.0858. It is also recommended to choose the $1.0929 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0929 resistance area is broken, the Euro price may head towards $1.0945.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0917
- First resistance: 1.0908
- Pivot level: 1.0902
- First support: 1.0894
- Second support: 1.0889
