Technical analysis EURAUD for 07.12.2021
07.12.2021 11:49
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains 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 1.58900. The closest support is the top of the cloud
Key levels
- 1.61700, 1.60000, 1.58900, 1.57250, 1.56100, 1.54525
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.60000 and Stop Loss of 1.58090
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.56100, with Take Profit of 1.54525 and Stop Loss of 1.57250
Scenario
Recommendation
BUY
Entry Point
Take Profit
1.60000
Stop Loss
1.58090
Key Levels
1.61700, 1.60000, 1.58900, 1.57250, 1.56100, 1.54525
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.56100
Take Profit
1.54525
Stop Loss
1.57250