EURUSD Technical Analysis The Euro Dollar pair closed at $1.04940, 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 decline to a price of $1.04661, and the target area could be $1.05256. It is also recommended to choose the $1.04349 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.04349 sell area is broken, the Euro price may head towards the $1.04141 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.05024
- First resistance: 1.04982
- Pivot level: 1.04930
- Second support: 1.04893
- First support: 1.04845
