EURUSD Technical Analysis The Euro Dollar pair closed at $1.0496, trading above most of the moving average crossovers as shown on the chart. The MACD indicator also indicates a weak 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 $1.0485, and the target area could be $1.0468. It is also recommended to choose the $1.0510 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0510 buy area is broken, the Euro price may head towards the $1.0521 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0501
- First resistance: 1.0499
- Pivot level: 1.0496
- Second support: 1.0491
- First support: 1.0490
