Technical analysis EURAUD for 09.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.49970. The closest support is the level 1.49110

Key levels

• 1.51320, 1.50570, 1.49970, 1.49110, 1.48560, 1.48150

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.49970, with Take Profit of 1.50570 and Stop Loss of 1.49500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.49110, with Take Profit of 1.48560 and Stop Loss of 1.49500