EURUSD Technical Analysis The Euro Dollar pair closed at $1.04912, trading above most of the moving average crosses as shown on the chart. The MACD indicator also indicates a positive trend. Accordingly, we can look to buy in the first sessions of this week, which is the Asian session, from the rise to $1.05072, and the target area could be $1.05325. It is also recommended to choose the $1.04612 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.04612 sell area is broken, the Euro price may head towards $1.04454.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.05003
- First resistance: 1.04964
- Pivot level: 1.04942
- Second support: 31.0488
- First support: 51.0484
