Technical analysis EURUSD for 24.04.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 resistance is the level 1.09950. The closest support is the level 1.09610
Key levels
- 1.10550, 1.10150, 1.09950, 1.09610, 1.09350, 1.09010
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.09950, with Take Profit of 1.10150 and Stop Loss of 1.09750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.09610, with Take Profit of 1.09350 and Stop Loss of 1.09750
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.