Technical analysis EURUSD for 03.12.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
1.05902, 1.05311, 1.05261, 1.05131 ,1.04685
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 1.05131, with Take Profit of 1.05311 and Stop Loss of 1.04950
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.05261, with Take Profit of 1.05131 and Stop Loss of 1.05311
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.