EURUSD Technical Analysis The Euro Dollar pair closed at $1.0274, as trading appears below most of the moving average intersections as shown on the chart. The MACD indicator also indicates the emergence of a negative trend. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to a price of $1.0257, and the target area could be $1.0234. It is also recommended to choose the $1.0300 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0300 buy area is broken, the Euro price may head towards the $1.0316 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0285
- First resistance: 1.0280
- Pivot level: 1.0277
- Second support: 1.0272
- First support: 1.0269
