Technical analysis EURUSD for 11.05.2023
11.05.2023 18:29
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 1.09820. The closest support is the level 1.08670
Key levels
- 1.10810, 1.10330, 1.09820, 1.08670, 1.08040, 1.07340
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.09820, with Take Profit of 1.10330 and Stop Loss of 1.09200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.08670, with Take Profit of 1.08040 and Stop Loss of 1.09200
Scenario
Recommendation
BUY STOP
Entry Point
1.09820
Take Profit
1.10330
Stop Loss
1.09200
Key Levels
1.10810, 1.10330, 1.09820, 1.08670, 1.08040, 1.07340
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.08670
Take Profit
1.08040
Stop Loss
1.09200