EURUSD Technical Analysis :The Euro Dollar pair closed at $1.0716, as trading appears below most of the moving average intersections as shown on the chart. The MACD indicator also indicates the beginning of a negative trend, which enhances the negative possibilities for the pair. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to a price of $1.0699, and the target area could be $1.0674. It is also recommended to choose the $1.0741 area as a stop loss point to control risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0741 buy area is broken, the Euro price may head towards the $1.0758 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0725
- First resistance: 1.0721
- Pivot level: 1.0716
- Second support: 1.0712
- First support: 1.0707
