Technical analysis EURNZD for 01.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.59960. The closest support is the level 1.59330
Key levels
- 1.61100, 1.60440, 1.59960, 1.59330, 1.58890, 1.58260
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.59960, with Take Profit of 1.59330 and Stop Loss of 1.60440
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.59960, with Take Profit of 1.60440 and Stop Loss of 1.59600