EURUSD Technical Analysis The Euro Dollar pair closed at $1.1087, as the price trades below most of the moving average crosses shown on the chart. The MACD indicator also indicates a negative trend, and accordingly, we can consider selling in the first session of this week, which is the Asian session, from a decline to a price of $1.1079, and the target area could be $1.1066. It is also recommended to choose the $1.1101 area as a stop loss point to control the risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the $1.1101 buy zone is broken, the Euro price may head towards the $1.1110 level.
EURUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.1090
- First resistance: 1.1088
- Pivot level: 1.1087
- Second support: 1.1085
- First support: 1.1084
