EURUSD Technical Analysis: The Euro Dollar pair closed at $1.0563, as trading appears below most of the moving average intersections as shown on the chart. The MACD indicator also indicates a weak positive 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 decline to a price of $1.0551, and the target area could be $1.0534. It is also recommended to choose the $1.0578 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.0578 buy area is broken, the Euro price may head towards the $1.0588 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.0571
- First resistance: 1.0568
- Pivot level: 1.0561
- Second support: 1.0558
- First support: 1.0551
