EURUSD Technical Analysis today is moving to the uptrend. The Euro Dollar is trading at $1.1151, as prices appear to be trading above most of the moving average crossovers as shown on the chart below. The MACD indicator also indicates a weakness in the negative trend with the beginning of the emergence of an upward trend. Accordingly, we can look to buy while waiting for a rise to $1.1165, and the target area could be $1.1200. It is also recommended to choose the $1.1135 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1135 support area is broken, the Euro price may head towards the $1.1100 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1180
- First resistance: 1.1165
- Pivot level: 1.1150
- First support: 1.1135
- Second support: 1.1010
