EURUSD Technical Analysis today is in a downtrend. As shown in the chart below. The Euro Dollar is trading at 1.04060, and trading appears below most of the moving average crossovers, while the MACD indicator indicates a weak negative trend. Accordingly, we can consider selling from the decline to 1.03898 dollars, and the target could be the 1.03689 dollars area. It is also recommended to choose the 1.04296 dollars area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at 1.04296 dollars is broken, the Euro Dollar price may head towards the 1.04442 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.04296
- First resistance: 11.0416
- Pivot level: 11.0409
- First support: 51.0396
- Second support: 1.03960
