Technical analysis EURAUD for 20.09.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.49980. The closest support is the level 1.48650

Key levels

• 1.51650, 1.50800, 1.49980, 1.48650, 1.47910, 1.47090

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.49980, with Take Profit of 1.50800 and Stop Loss of 1.49350

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.48650, with Take Profit of 1.47910 and Stop Loss of 1.49350