Technical analysis EURUSD for 25.04.2023
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 below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.10150. The closest support is the level 1.09610
Key levels
- 1.10690, 1.10490, 1.10150, 1.09610, 1.09170, 1.08780
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.10150, with Take Profit of 1.10490 and Stop Loss of 1.09850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.09610, with Take Profit of 1.09170 and Stop Loss of 1.09850
Scenario
Recommendation
BUY STOP
Entry Point
1.10150
Take Profit
1.10490
Stop Loss
1.09850
Key Levels
1.10690, 1.10490, 1.10150, 1.09610, 1.09170, 1.08780
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.09610
Take Profit
1.09170
Stop Loss
1.09850
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.