Technical analysis EURAUD for 25.03.2022

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 corrected to the Tenkan-se line. The closest resistance is the level . The closest support is the level

Key levels

• 1.49840, 1.48645, 1.47780, 1.46715, 1.45770, 1.44835, 1.43900

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1.45770 and Stop Loss of 1.46900

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1.45770, with Take Profit of 1.46715 and Stop Loss of 1.44835