Technical analysis EURAUD for 28.11.2022

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 support is the level 1.54300. The closest resistance is the level 1.54550

Key levels

• 1.55275, 1.54900, 1.54550, 1.54300, 1.53825

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.54550, with Take Profit of 1.54900 and Stop Loss of 1.54300

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.54300, with Take Profit of 1.53825 and Stop Loss of 1.54550