Technical analysis EURUSD for 07.11.2024
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.079. The closest resistance is the level 1.081
Key levels
1.075, 1.077, 1.079, 1.081, 1.082
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.077, with Take Profit of 1.082 and Stop Loss of 1.075
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.081, with Take Profit of 1.075 and Stop Loss of 1.082
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.