EURUSD Technical Analysis today is in a downtrend. As shown in the chart below. The Euro Dollar is trading at 1.04070, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to 1.03936 dollars, and the target could be the 1.03769 dollars area. It is also recommended to choose the 1.04278 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 1.04278 dollars is broken, the Euro Dollar price may head towards the 1.04405 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.04266
- First resistance: 1.04188
- Pivot level: 1.04084
- First support: 1.04005
- Second support: 1.03903
