Technical analysis EURUSD for 13.02.2023

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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.07420. The closest support is the level 1.06710

Key levels

• 1.08350, 1.07900, 1.07420, 1.06710, 1.06300, 1.05860

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.07420, with Take Profit of 1.07900 and Stop Loss of 1.07000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.06710, with Take Profit of 1.06300 and Stop Loss of 1.07000