Technical analysis EURUSD for 25.04.2023

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 below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.10150. The closest support is the level 1.09610

Key levels

• 1.10690, 1.10490, 1.10150, 1.09610, 1.09170, 1.08780

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.10150, with Take Profit of 1.10490 and Stop Loss of 1.09850

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.09610, with Take Profit of 1.09170 and Stop Loss of 1.09850