EURUSD Technical Analysis is at $1.08847, with 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, the Asian session, from a rise to $1.09145, with a potential target area of $1.09554. It is also recommended to choose the $1.08429 area as a stop-loss point to control risk.
EURUSD Technical Analysis: On the Other Hand
On the other hand, if the $1.08429 sell zone is broken, the Euro price may head towards $1.08147.
EURUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.08878
- First Resistance: 1.08869
- Pivot Level: 1.08854
- Second Support: 1.08840
- First Support: 1.08830
