June 26, 2024

EURUSD Technical Analysis: EUR/USD is in a downward trend today. The Euro/Dollar is trading at $1.0706, where prices appear to trade below 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 a drop to the price of $1.0695, and the target area could be $1.0678. It is also recommended to choose the $1.0720 area as a stop loss point to control risk.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0720 buy zone is broken, the euro price may head towards the $1.0727 level.
EURUSD Technical Analysis: resistance and support levels
• Second resistance: 1.0713
• First resistance: 1.0711
• Pivot level: 1.0707
• First support: 1.0701
• Second support: 1.0699