Technical analysis EURAUD for 26.08.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 1.41825. The closest resistance is the level 1.43250

Key levels

• 1.45175, 1.44200, 1.43250, 1.41825, 1.40300

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.43250, with Take Profit of 1.41825 and Stop Loss of 1.44200

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.44200, with Take Profit of 1.45175 and Stop Loss of 1.43250