Technical analysis EURUSD for 08.06.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.07350. The closest support is the level 1.06120
Key levels
- 1.08190, 1.07740, 1.07350, 1.06120, 1.05770, 1.05240
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.07350, with Take Profit of 1.07740 and Stop Loss of 1.06500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.06120, with Take Profit of 1.05770 and Stop Loss of 1.06500
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.