Technical analysis EURUSD for 10.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
- 1.15525, 1.15025, 1.14550 , 1.13975, 1.13450, 1.13075, 1.12350, 1.11725
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.14550, with Take Profit of 1.15025 and Stop Loss of 1.14150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.13975, with Take Profit of 1.13450 and Stop Loss of 1.14450
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.