Technical analysis EURAUD for 02.06.2022

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 level 1.49400. The closest support is the level 1.47950

Key levels

1.50980, 1.49960, 1.49400, 1.47950, 1.47450, 1.46670

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 1.49400, with Take Profit of 1.49960 and Stop Loss of 1.48860

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 1.47950, with Take Profit of 1.47450 and Stop Loss of 1.48860