EURUSD Technical Analysis today is at the beginning of an uptrend. The Euro Dollar is trading at $1.1170, with prices trading above most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates the beginning of a positive trend. Accordingly, we can look to buy while waiting for a rise to $1.1187, and the target area could be $1.1207. 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 $1.1136.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1204
- First resistance: 1.1194
- Pivot level: 1.1179
- First support: 1.1169
- Second support: 1.1154
