EURUSD Technical Analysis The Euro Dollar pair closed at $1.03738, trading below most of the moving average crossovers as shown on the chart. The MACD indicator also indicates a negative trend. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to a price of $1.03558, and the target area could be $1.03290. It is also recommended to choose the $1.04028 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.04028 buy zone is broken, the Euro price may head towards the $1.04229 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.03863
- First resistance: 31.0380
- Pivot level: 1.03715
- Second support: 1.03655
- First support: 1.03564
