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