EURUSD Technical Analysis: The Euro Dollar pair closed at $1.0413, trading below most of the moving average crossovers as shown on the chart. The MACD indicator also indicates 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 $1.0392, and the target area could be $1.0358. It is also recommended to choose the $1.0451 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0451 buy zone is broken, the Euro price may head towards the $1.0476 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0424
- First resistance: 1.0420
- Pivot level: 1.0414
- Second support: 1.0410
- First support: 1.0404
