EURUSD Technical Analysis today is in a downtrend. The Euro Dollar is trading at $1.0983, as prices appear to be trading below most of the moving average crossovers shown on the chart. The MACD indicator also indicates a negative trend, and accordingly, we can consider selling from the decline to $1.0970, and the target area could be $1.0952. It is also recommended to choose the $1.1007 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1007 buy zone is broken, the Euro price may head towards $1.1017.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0994
- First resistance: 1.0989
- Pivot level: 1.0985
- First support: 1.0980
- Second support: 1.0976
