Technical analysis EURNZD for 25.05.2022

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 is descending. Instrument adjusted to the upper border of the cloud. The closest resistance is the level 1.66590. The closest support is the level 1.65850

Key levels

• 1.67630, 1.67020, 1.66590, 1.65850, 1.65510, 1.65070

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.66590, with Take Profit of 1.67020 and Stop Loss of 1.66290

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.65850, with Take Profit of 1.65510 and Stop Loss of 1.66290