EURUSD Technical Analysis today is in a weak uptrend. The Euro Dollar is trading at $1.1130, with prices trading below most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates a weakness in the positive trend. Accordingly, we can consider selling by waiting for a drop to $1.1118, and the target area could be $1.1097. It is also recommended to choose the $1.1158 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1158 resistance area is broken, the Euro price may head towards $1.1172.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1141
- First resistance: 1.1138
- Pivot level: 1.1135
- First support: 1.1132
- Second support: 1.1129
