Technical analysis EURUSD for 15.05.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.09260. The closest support is the level 1.07950

Key levels

• 1.10320, 1.09800, 1.09260, 1.07950, 1.07270, 1.06680

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.09260, with Take Profit of 1.09800 and Stop Loss of 1.08700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.07950, with Take Profit of 1.07270 and Stop Loss of 1.08700