Technical analysis EURAUD for 07.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.4470. The closest resistance is the level 1.4575

Key levels

• 1.5035, 1.4910, 1.4795, 1.4690, 1.4575, 1.4470, 1.4350, 1.4273

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.4470, with Take Profit of 1.4350 and Stop Loss of 1.4575

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.4575, with Take Profit of 1.4690 and Stop Loss of 1.4470