Technical analysis EURUSD for 05.05.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 1.10460. The closest support is the level 1.09850
Key levels
- 1.11340, 1.10810, 1.10460, 1.09850, 1.09360, 1.08770
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.10460, with Take Profit of 1.10810 and Stop Loss of 1.10150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.09850, with Take Profit of 1.09360 and Stop Loss of 1.10150
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.