Technical analysis EURUSD for 06.03.2023
06.03.2023 17:09
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.07250. The closest support is the level 1.06320
Key levels
- 1.07970, 1.07620, 1.07250, 1.06320, 1.05840, 1.05520
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.07250, with Take Profit of 1.07620 and Stop Loss of 1.06750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.06320, with Take Profit of 1.05840 and Stop Loss of 1.06750
Scenario
Recommendation
BUY STOP
Entry Point
1.07250
Take Profit
1.07620
Stop Loss
1.06750
Key Levels
1.07970, 1.07620, 1.07250, 1.06320, 1.05840, 1.05520
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.06320
Take Profit
1.05840
Stop Loss
1.06750