EURUSD Technical Analysis today is in a downtrend. The Euro Dollar is trading at $1.0983, with prices trading below most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates a weak downside trend. Accordingly, we can consider selling by waiting for a drop to $1.0958, and the target area could be $1.0929. It is also recommended to choose the $1.1027 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1027 resistance area is broken, the Euro price may head towards $1.1051.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0991
- First resistance: 1.0988
- Pivot level: 1.0982
- First support: 1.0979
- Second support: 1.0973
