Technical analysis EURUSD for 02.12.2022
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 support is the level 1.04600. The closest resistance is the level 1.05450
Key levels
- 1.06350, 1.05450, 1.04600, 1.03850, 1.02850
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.04600, with Take Profit of 1.05450 and Stop Loss of 1.03850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.03850, with Take Profit of 1.02850 and Stop Loss of 1.04600
Scenario
Recommendation
BUY LIMIT
Entry Point
1.04600
Take Profit
1.05450
Stop Loss
1.03850
Key Levels
1.06350, 1.05450, 1.04600, 1.03850, 1.02850
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.03850
Take Profit
1.02850
Stop Loss
1.04600
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.