EURUSD Technical Analysis: The EUR/USD pair closed at $1.08779, trading above most of the moving average crossovers shown on the chart. The MACD indicator also indicates a positive trend. Accordingly, we can consider buying in the first session of this week, the Asian session, from a rise to $1.08999, with a potential target area of $1.09366. It is also recommended to choose the $1.08266 area as a stop-loss point to control risk.
EURUSD Technical Analysis: On the Other Hand
On the other hand, if the $1.08266 sell zone is broken, the euro price may head towards $1.07968.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 71.0886
- First Resistance: 1.08829
- Pivot Level: 1.08795
- Second Support: 1.08758
- First Support: 1.08727
