EURUSD Technical Analysis :The Euro Dollar pair closed at $1.0526, as trading appears below most of the moving average intersections 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 drop to a price of $1.0507, and the target area could be $1.0471. It is also recommended to choose the $1.0566 area as a stop loss point to control risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0566 buy area is broken, the Euro price may head towards the $1.0596 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0549
- First resistance: 1.0538
- Pivot level: 1.0527
- Second support: 1.0516
- First support: 1.0505
