Technical analysis EURNZD for 30.05.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the lower border of the cloud. The closest support is the level 1.63270

Key levels

• 1.65830, 1.65400, 1.64580, 1.63270, 1.62400, 1.61950

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.64580, with Take Profit of 1.65400 and Stop Loss of 1.64000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.63270, with Take Profit of 1.62400 and Stop Loss of 1.64000