Technical analysis EURUSD for 01.11.2022
Intraday
Technical
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 resistance is the level 0.99850. The closest support is the level 0.98990
Key levels
- 1.0850, 1.00380, 0.99850, 0.98990, 0.98410, 0.97820
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.99850, with Take Profit of 1.00380 and Stop Loss of 0.99450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.98990, with Take Profit of 0.98410 and Stop Loss of 0.99450
Scenario
Recommendation
BUY STOP
Entry Point
0.99850
Take Profit
1.00380
Stop Loss
0.99450
Key Levels
1.0850, 1.00380, 0.99850, 0.98990, 0.98410, 0.97820
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.98990
Take Profit
0.98410
Stop Loss
0.99450
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.