EURUSD Technical Analysis today is in an uptrend. The Euro Dollar is trading at $1.1166, as prices appear to be trading below most of the moving average crossovers shown on the chart. The MACD indicator also indicates a positive trend with a significant weakness in the buying power. Accordingly, we can look to buy from the rise to $1.1177, and the target area could be $1.1194. It is also recommended to choose the $1.1138 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1138 selling area is broken, the Euro price may head towards $1.1125.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1181
- First resistance: 1.1174
- Pivot level: 1.1170
- First support: 1.1163
- Second support: 1.1159
