Technical analysis EURUSD for 26.09.2024
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
1.10948, 1.11290, 1.11482, 1.11673, 1.11968
Trading scenario
Recommended opening short positions (Sell Limit) from the level of 1.11485, with Take Profit of 1.11315 and Stop Loss of 1.11570
Alternative scenario
Recommended opening long positions (Buy Stop) from the level of 1.11290, with Take Profit of 1.11510 and Stop Loss of 1.10950
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.