Technical analysis EURUSD for 28.04.2023

The Tenkan-sen line is located below 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 above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.10700. The closest support is the level 1.09940

Key levels

• 1.11800, 1.11200, 1.10700, 1.09940, 1.09590, 1.09280

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.10700, with Take Profit of 1.11200 and Stop Loss of 1.10250

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.09940, with Take Profit of 1.09590 and Stop Loss of 1.10250