EURUSD Technical Analysis: today is at the beginning of an upward trend. As shown in the chart below. The Euro Dollar is trading at 1.0587, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can look to buy from the rise to 1.0603 dollars, and the target could be the 1.0627 dollars area. It is also recommended to choose the 1.0555 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 1.0555 dollars is broken, the Euro Dollar price may head towards the 1.0537 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0602
- First resistance: 1.0597
- Pivot level: 1.0588
- First support: 1.0583
- Second support: 1.0574
