EURUSD Technical Analysis today is in an uptrend, as the chart below shows. The Euro Dollar is trading at 1.10390, trading above most of the moving average crossovers, and the MACD indicator indicates a positive trend. Accordingly, we can consider buying from a rise to 1.10656, with a target of $1.10971. It is also recommended to choose the $1.09967 area as a stop-loss point to control risk.
EURUSD Technical Analysis: On the Other Hand
On the other hand, if the sell zone at $1.09967 is broken, the Euro Dollar may head towards $1.09671.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 51.1060
- First Resistance: 1.10513
- Pivot Level: 1.10372
- First Support: 1.10284
- Second Support: 1.10147
