EURUSD Technical Analysis: The EUR/USD pair closed at $1.08255, trading above most of the moving average crossovers shown on the chart. The MACD indicator also indicates a positive trend. Accordingly, we can consider buying in the first session of this week, the Asian session, from a rise to $1.08454, with a potential target area of $1.08724. It is also recommended to choose the $1.07939 area as a stop-loss point to control risk.
EURUSD Technical Analysis: On the Other Hand
On the other hand, if the $1.07939 sell zone is broken, the euro price may head towards $1.07749.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.08328
- First Resistance: 1.08296
- Pivot Level: 1.08265
- Second Support: 1.08231
- First Support: 1.08202
