EURUSD Technical Analysis: today is in an uptrend. As shown in the chart below. The Euro Dollar is trading at 1.0584, and trading appears above most of the moving average crossovers, and the MACD indicator indicates a weak positive trend. Accordingly, we can look to buy from the rise to 1.0601 dollars, and the target could be the 1.0626 dollars area. It is also recommended to choose the 1.0550 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 1.0550 dollars is broken, the Euro Dollar price may head towards the 1.0532 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0602
- First resistance: 1.0589
- Pivot level: 1.0572
- First support: 1.0559
- Second support: 1.0542
