Technical analysis EURUSD for 18.10.2024
18.10.2024 21:31
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. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines
Key levels
1.08114, 1.08518, 1.08835, 1.09020, 1.09172
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.08518, with Take Profit of 1.09172 and Stop Loss of 1.08114
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.08835, with Take Profit of 1.08114 and Stop Loss of 1.08518
Scenario
Recommendation
BUY LIMIT
Entry Point
1.08518
Take Profit
1.09172
Stop Loss
1.08114
Key Levels
1.08114, 1.08518, 1.08835, 1.09020, 1.09172
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.08835
Take Profit
1.08114
Stop Loss
1.08518