EURUSD Technical Analysis today is in a downward trend. As shown in the chart below. The Euro Dollar is trading at 1.02870, and trading appears below most of the moving average crossovers, as the MACD indicator indicates a weak negative trend. Accordingly, we can look to buy from the rise to 1.03045 dollars, and the target could be the 1.03307 dollars area. It is also recommended to choose the 1.02546 dollars area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the sell zone at 1.02546 dollars is broken, the Euro Dollar price may head towards the 1.02372 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.03145
- First resistance: 1.02971
- Pivot level: 1.02842
- First support: 1.02671
- Second support: 1.02540
