Technical analysis EURNZD for 01.03.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.64050. The closest resistance is the level 1.65725
Key levels
- 1.73400, 1.71575, 1.70600, 1.68600, 1.67100, 1.65725, 1.64050, 1.62200
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.64050 and Stop Loss of 1.65725
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.67100, with Take Profit of 1.68600 and Stop Loss of 1.66650