Technical analysis EURUSD for 08.05.2023
08.05.2023 18:13
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1.10430. The closest support is the level 1.09820
Key levels
- 1.11500, 1.10800, 1.10430, 1.09820, 1.09720, 1.08600
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.10430, with Take Profit of 1.10800 and Stop Loss of 1.10100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.09820, with Take Profit of 1.09720 and Stop Loss of 1.10100
Scenario
Recommendation
BUY STOP
Entry Point
1.10430
Take Profit
1.10800
Stop Loss
1.10100
Key Levels
1.11500, 1.10800, 1.10430, 1.09820, 1.09720, 1.08600
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.09820
Take Profit
1.09720
Stop Loss
1.10100