EURUSD Technical Analysis today is in a downtrend. As shown in the chart below. The Euro Dollar is trading at 1.0419, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can look to buy from the rise to 1.0434 dollars, and the target could be the 1.0453 dollars area. It is also recommended to choose the 1.0385 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 1.0385 dollars is broken, the Euro Dollar price may head towards the 1.0370 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0430
- First resistance: 1.0425
- Pivot level: 1.0420
- First support: 1.0415
- Second support: 1.0410
