Technical analysis EURUSD for 02.12.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.04600. The closest resistance is the level 1.05450

Key levels

• 1.06350, 1.05450, 1.04600, 1.03850, 1.02850

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.04600, with Take Profit of 1.05450 and Stop Loss of 1.03850

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.03850, with Take Profit of 1.02850 and Stop Loss of 1.04600