Technical analysis EURUSD for 27.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.01200. The closest support is the level 1.00380

Key levels

• 1.02430, 1.01790, 1.01200, 1.00380, 0.99850, 0.99240

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.01200, with Take Profit of 1.01790 and Stop Loss of 1.00800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.00380, with Take Profit of 0.99850 and Stop Loss of 1.00800