EURUSD Technical Analysis

September 6, 2024

EURUSD Technical Analysis today is in an uptrend. The Eurodollar is trading at $1.1085, as prices appear to be trading above most of the moving average crosses shown on the chart. The MACD indicator also indicates a positive trend with some weakness. Accordingly, we can look to buy from the rise to $1.1094, and the target area could be $1.1108. It is also recommended to choose the $1.1066 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1066 sell area is broken, the Euro price may head towards $1.1055.

EURUSD Technical Analysis: Resistance and support levels
• Second resistance: 1.1096
• First resistance: 1.1088
• Pivot level: 1.1082
• First support: 1.1074
• Second support: 1.1068

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