Technical analysis EURUSD for 13.02.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.07420. The closest support is the level 1.06710
Key levels
- 1.08350, 1.07900, 1.07420, 1.06710, 1.06300, 1.05860
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.07420, with Take Profit of 1.07900 and Stop Loss of 1.07000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.06710, with Take Profit of 1.06300 and Stop Loss of 1.07000
Scenario
Recommendation
BUY STOP
Entry Point
1.07420
Take Profit
1.07900
Stop Loss
1.07000
Key Levels
1.08350, 1.07900, 1.07420, 1.06710, 1.06300, 1.05860
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.06710
Take Profit
1.06300
Stop Loss
1.07000
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.