The euro price against the dollar ended last Friday's trading below the 1.0715 level, but we note that the 50 moving average formed good support to stop the decline and push the price to begin recovery attempts at the opening of the day.
Therefore, we believe that opportunities are available for a rise during the coming sessions, and the price needs to confirm the breach of 1.0715 to open the way to visiting the 1.0765 level as a first positive target, keeping in mind that breaking 1.0695 will stop the expected rise and put pressure on the price to turn lower.
Therefore, we believe that opportunities are available for a rise during the coming sessions, and the price needs to confirm the breach of 1.0715 to open the way to visiting the 1.0765 level as a first positive target, keeping in mind that breaking 1.0695 will stop the expected rise and put pressure on the price to turn lower.
