Technical analysis EURUSD for 07.11.2024

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.079. The closest resistance is the level 1.081

Key levels

1.075, 1.077, 1.079, 1.081, 1.082

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.077, with Take Profit of 1.082 and Stop Loss of 1.075

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.081, with Take Profit of 1.075 and Stop Loss of 1.082