EURUSD Technical Analysis: Euro Decline

EURUSD Technical Analysis: Today, the EUR/USD pair is trading in a bearish trend, recording a high of 1.0836 and a low of 1.0813. Currently, the pair is trading at 1.0827, reflecting continued selling pressure.

EURUSD Technical Analysis: Technical Analysis

By reviewing the chart, we notice that prices are trading below the moving averages, which reinforces the bearish scenario. In addition, the MACD indicator shows a negative trend, with a decrease in the strength of the decline, which may indicate the possibility of a correction or temporary stability in prices.

Trading Expectations

Based on the current data, the pair is expected to remain under bearish pressure in the short term. Prices may continue to fluctuate within the specified range between 1.0813 and 1.0836. It is important to monitor any reversal signals that may appear, especially from momentum indicators, to identify entry or exit opportunities.

EURUSD Technical Analysis

Trading strategies based on Buy/Sell levels

In case of buying in case of selling EURUSD
1.0849 1.0813 Entry point
First resistance: 1.0862 First support: 1.0794 Target Point 1 (TP1)
Second resistance: 1.0879 Second support: 1.0778 Target Point 2 (TP2)
1.0813 1.0849 Stop Loss (SL)

 

The EUR/USD pair remains in a clear bearish zone, with any changes in momentum or technical trends to be monitored. Traders should pay attention to upcoming developments and maintain appropriate risk management plans to ensure their market targets are met.

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