Technical analysis EURUSD for 18.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines

Key levels

1.08114, 1.08518, 1.08835, 1.09020, 1.09172

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.08518, with Take Profit of 1.09172 and Stop Loss of 1.08114

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.08835, with Take Profit of 1.08114 and Stop Loss of 1.08518