EURUSD Technical Analysis today is in a bearish trend. The Euro Dollar is trading at $1.1021, as the price appears to be trading below most of the moving average crosses shown on the chart. The MACD indicator also indicates a negative trend and accordingly, we can consider selling from the decline to $1.1007, and the target area could be $1.0986. It is also recommended to choose the $1.1046 area as a stop loss point to control the risk.
EURUSD Technical Analysis today: On the other hand
On the other hand, if the $1.1046 buy area is broken, the Euro price may head towards $1.1060.
EURUSD Technical Analysis today: Resistance and support levels
- Second resistance: 1.1026
- First resistance: 1.1023
- Pivot level: 1.1019
- First support: 1.1016
- Second support: 1.1012
