Technical analysis EURUSD for 10.10.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument consolidates at the bottom of the cloud. The closest support is the level 0.9720. The closest support is the level 0.9765

Key levels

• 0.9990, 0.9890, 0.9825, 0.9765, 0.9720, 0.9655, 0.9550

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 0.9720, with Take Profit of 0.9655 and Stop Loss of 0.9765

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.9765, with Take Profit of 0.9825 and Stop Loss of 0.9720