EURUSD Technical Analysis: The Euro Dollar pair closed at $1.0581, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates a positive trend, which enhances the positive possibilities for the pair. Accordingly, we can consider buying in the first sessions of this week, which is the Asian session, from the rise to $1.0597, and the target area could be $1.0626. It is also recommended to choose the $1.0543 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0543 sell area is broken, the Euro price may head towards $1.0522.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0589
- First resistance: 1.0585
- Pivot level: 1.0582
- Second support: 1.0579
- First support: 1.0575
