EURUSD Technical Analysis today is at the beginning of an upward trend. As the euro dollar is trading at $ 1.1063, as it appears to trade prices above most of the moving average intersections shown on the chart. The MACD indicator also indicates a positive trend and accordingly, we can look to buy from the rise to $ 1.1071, and the target area could be $ 1.1087. It is also recommended to choose the $ 1.1043 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $ 1.1043 sell area is broken, the euro price may head towards $ 1.1031.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1075
- First resistance: 1.1071
- Pivot level: 1.1067
- First support: 1.1059
- Second support: 1.1055
