Technical analysis EURUSD for 31.05.2023

31.05.2023 01:06
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below 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 1.07880. The closest support is the level 1.06800

Key levels

  • 1.08900, 1.08430, 1.07880, 1.06800, 1.06250, 1.05870

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.07880, with Take Profit of 1.08430 and Stop Loss of 1.07300

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.06800, with Take Profit of 1.06250 and Stop Loss of 1.07300
Guión
Recomendación
BUY STOP

Punto de entrada
1.07880

Take Profit
1.08430

Stop Loss
1.07300

Niveles clave
1.08900, 1.08430, 1.07880, 1.06800, 1.06250, 1.05870
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.06800

Take Profit
1.06250

Stop Loss
1.07300