Technical analysis EURUSD for 09.11.2022

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 1.00940. The closest support is the level 1.00340

Key levels

• 1.02500, 1.01750, 1.00940, 1.00340, 0.99580, 0.98990

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.00940, with Take Profit of 1.01750 and Stop Loss of 1.00600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.00340, with Take Profit of 0.99580 and Stop Loss of 1.00600