Technical analysis EURUSD for 01.11.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.99850. The closest support is the level 0.98990

Key levels

• 1.0850, 1.00380, 0.99850, 0.98990, 0.98410, 0.97820

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.99850, with Take Profit of 1.00380 and Stop Loss of 0.99450

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.98990, with Take Profit of 0.98410 and Stop Loss of 0.99450