Technical analysis EURUSD for 03.05.2023
03.05.2023 18:22
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Red is directed upwards, while blue remains 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 resistance is the level 1.10690. The closest support is the level 1.10390
Key levels
- 1.11260, 1.10950, 1.10690, 1.10390, 1.10160, 1.09820
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.10690, with Take Profit of 1.10950 and Stop Loss of 1.10500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.10390, with Take Profit of 1.10160 and Stop Loss of 1.10500
Scenario
Recommendation
BUY STOP
Entry Point
1.10690
Take Profit
1.10950
Stop Loss
1.10500
Key Levels
1.11260, 1.10950, 1.10690, 1.10390, 1.10160, 1.09820
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.10390
Take Profit
1.10160
Stop Loss
1.10500