EURUSD Technical Analysis today is in a sideways trend. The Euro Dollar is trading at $1.1161, as the price trading shows weakness in most of the moving average intersections as shown on the chart. The MACD indicator also indicates weakness in the positive trend. Accordingly, we can look to buy while waiting for a rise to $1.1175, and the target area could be $1.1205. It is also recommended to choose the $1.1150 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1150 support area is broken, the Euro price may head towards $1.1120.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1200
- First resistance: 1.1180
- Pivot level: 1.1160
- First support: 1.1140
- Second support: 1.1120
