EURUSD Technical Analysis : Strong Drop

EURUSD Technical Analysis today is in a downtrend. The Euro Dollar is trading at $1.0940, with prices trading below most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates a weak negative trend. Accordingly, we can consider selling by waiting for a drop to $1.0924, and the target area could be $1.0891. It is also recommended to choose the $1.0978 area as a stop loss point to control the risks.

EURUSD Technical Analysis: On the other hand

On the other hand, if the $1.0978 resistance area is broken, the Euro price may head towards $1.1005.

EURUSD Technical Analysis

EURUSD Technical Analysis: Resistance and support levels

  • Second resistance: 1.0946
  • First resistance: 1.0943
  • Pivot level: 1.0940
  • First support: 1.0937
  • Second support: 1.0934
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