Technical analysis EURUSD for 03.05.2023

03.05.2023 18:22
Intradía
Técnico

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
Guión
Recomendación
BUY STOP

Punto de entrada
1.10690

Take Profit
1.10950

Stop Loss
1.10500

Niveles clave
1.11260, 1.10950, 1.10690, 1.10390, 1.10160, 1.09820
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.10390

Take Profit
1.10160

Stop Loss
1.10500