EURUSD Technical Analysis: Strong Drop

EURUSD Technical Analysis today is in a downtrend. The Euro Dollar is trading at $1.0862, with prices trading below most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates a negative trend. Accordingly, we can consider selling by waiting for a drop to $1.0843, and the target area could be $1.0817. It is also recommended to choose the $1.0889 area as a stop loss point to control the risks.

EURUSD Technical Analysis: On the other hand

On the other hand, if the $1.0889 resistance area is broken, the Euro price may head towards $1.0907.

EURUSD Technical Analysis

EURUSD Technical Analysis: Resistance and support levels

  • Second resistance: 1.0881
  • First resistance: 1.0875
  • Pivot level: 1.0871
  • First support: 1.0861
  • Second support: 1.0855
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