EURUSD Technical Analysis today is in a downward trend. As the Euro Dollar is trading at $ 1.1009, as it appears to trade prices under most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend and accordingly, we can look to sell from the decline to $ 1.0990, and the target area could be $ 1.0966. It is also recommended to choose the $ 1.1038 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $ 1.1038 buy area is broken, the Euro price may head towards $ 1.1057.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1018
- First resistance: 1.1014
- Pivot level: 1.1008
- First support: 1.1004
- Second support: 1.0998
