Against the backdrop of rising tensions between the Ukraine and Russia, Europe’s single currency was unable to hold its own against the US dollar on Tuesday. According to higher-timeframe technical analysis, EUR/USD has fallen to its lowest level since mid-2020.
1.11070 is support, while 1.11270 is a level of resistance. The Pivot Point at 1.11200 is placed between the lines of support and resistance, and the price is now below it. The EMA of 10 is moving in a bearish manner below the EMA100 and 200 moving in a slight bearish trend. The MACD histogram is in negative area, and the RSI is moving downward to the 30 points. There is little movement in the Stochastic which is located in oversold area. There is upward signal in ADX.

• There is resistance at 1.11270, followed by resistance at 1.11400 and 1.11470.
• There is support at 1.11070 Below, there is 1.11000 and 1.10870.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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