Technical analysis EURAUD for 19.12.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above 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 1.58920. The closest support is the level 1.57090

Key levels

• 1.61060, 1.60090, 1.58920, 1.57090, 1.56310, 1.55680

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.58920, with Take Profit of 1.60090 and Stop Loss of 1.58000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.57090, with Take Profit of 1.56310 and Stop Loss of 1.58000