EUR/USD

July 25, 2024

EURUSD Technical Analysis: The EUR/USD is in a weak downward trend today. The Euro/Dollar is trading at $1.0854, where prices appear to be trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a very weak negative trend and accordingly, we can look to buy from the rise to the price of $1.0864, and the target area could be $1.0880. It is also recommended to choose the $1.0836 area as a stop loss point to control risk.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0836 sell area is broken, the euro price may head towards the $1.0825 level.
EURUSD Technical Analysis: resistance and support levels
• Second resistance: 1.0862
• First resistance: 1.0860
• Pivot level: 1.0855
• First support: 1.0850
• Second support: 1.0848