EURUSD Technical Analysis The Euro Dollar pair closed at $1.0425, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates the emergence of a positive trend. Accordingly, we can look to buy in the first sessions of this week, which is the Asian session, from the rise to $1.0436, and the target area could be $1.0452. It is also recommended to choose the $1.0405 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0405 sell area is broken, the Euro price may head towards $1.0393.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0432
- First resistance: 1.0429
- Pivot level: 1.0426
- Second support: 1.0420
- First support: 1.0418
