Technical analysis EURUSD for 09.11.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.00940. The closest support is the level 1.00340
Key levels
- 1.02500, 1.01750, 1.00940, 1.00340, 0.99580, 0.98990
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.00940, with Take Profit of 1.01750 and Stop Loss of 1.00600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.00340, with Take Profit of 0.99580 and Stop Loss of 1.00600
Scenario
Recommendation
BUY STOP
Entry Point
1.00940
Take Profit
1.01750
Stop Loss
1.00600
Key Levels
1.02500, 1.01750, 1.00940, 1.00340, 0.99580, 0.98990
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.00340
Take Profit
0.99580
Stop Loss
1.00600
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.