EURUSD Technical Analysis today is in a downtrend. As shown in the chart below. The Euro Dollar is trading at 1.0473, and trading appears below most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to 1.0459 dollars, and the target could be the 1.0444 dollars area. It is also recommended to choose the 1.0492 dollars area as a stop loss point to control the risks. Amid anticipation of the repercussions of today’s interest rate decision and its impact on trading
EURUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at 1.0492 dollars is broken, the Euro Dollar price may head towards the 1.0504 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0486
- First resistance: 1.0477
- Pivot level: 1.0472
- First support: 1.0463
- Second support: 1.0458
