Technical analysis EURUSD for 24.04.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.09950. The closest support is the level 1.09610

Key levels

• 1.10550, 1.10150, 1.09950, 1.09610, 1.09350, 1.09010

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.09950, with Take Profit of 1.10150 and Stop Loss of 1.09750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.09610, with Take Profit of 1.09350 and Stop Loss of 1.09750