Technical analysis EURUSD for 18.05.2023
18.05.2023 01:34
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 1.08910. The closest support is the level 1.07980
Key levels
- 1.10440, 1.09920, 1.08910, 1.07980, 1.07310, 1.06620
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.08910, with Take Profit of 1.09920 and Stop Loss of 1.08400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.07980, with Take Profit of 1.07310 and Stop Loss of 1.08400
Scenario
Recommendation
BUY STOP
Entry Point
1.08910
Take Profit
1.09920
Stop Loss
1.08400
Key Levels
1.10440, 1.09920, 1.08910, 1.07980, 1.07310, 1.06620
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.07980
Take Profit
1.07310
Stop Loss
1.08400