Technical analysis EURAUD for 02.06.2022
02.06.2022 02:30
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.49400. The closest support is the level 1.47950
Key levels
1.50980, 1.49960, 1.49400, 1.47950, 1.47450, 1.46670
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 1.49400, with Take Profit of 1.49960 and Stop Loss of 1.48860
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 1.47950, with Take Profit of 1.47450 and Stop Loss of 1.48860
Scenario
Recommendation
BUY STOP
Entry Point
1.49400
Take Profit
1.49960
Stop Loss
1.48860
Key Levels
1.50980, 1.49960, 1.49400, 1.47950, 1.47450, 1.46670
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.47950
Take Profit
1.47450
Stop Loss
1.48860