Technical analysis EURUSD for 08.05.2023

08.05.2023 18:13
Intradía
Técnico

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
Guión
Recomendación
BUY STOP

Punto de entrada
1.10430

Take Profit
1.10800

Stop Loss
1.10100

Niveles clave
1.11500, 1.10800, 1.10430, 1.09820, 1.09720, 1.08600
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.09820

Take Profit
1.09720

Stop Loss
1.10100