EURUSD Technical Analysis today in an upward trend. As the euro dollar is trading at 1.1033 dollars, 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 consider buying from the rise to a price of 1.1051 dollars, and the target area could be 1.1071 dollars. It is also recommended to choose the 1.1006 dollars area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the 1.1006 dollars buy area is broken, the euro price may head towards the 1.0992 dollars level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1044
- First resistance: 1.1039
- Pivot level: 1.1035
- First support: 1.1026
- Second support: 1.1021
