Technical analysis EURNZD for 02.02.2022

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 1.70125. The closest resistance is the level 1.71450

Key levels

• 1.73425, 1.71450, 1.70125, 1.69025, 1.67825, 1.66700, 1.65375

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.70125, with Take Profit of 1.71450 and Stop Loss of 1.69025

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.69025, with Take Profit of 1.67825 and Stop Loss of 1.70125