Technical analysis EURUSD for 09.06.2023

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 1.08240. The closest support is the level 1.07360

Key levels

• 1.09330, 1.08800, 1.08240, 1.07360, 1.06805, 1.06150

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.08240, with Take Profit of 1.08800 and Stop Loss of 1.07770

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.07360, with Take Profit of 1.06805 and Stop Loss of 1.07770