Technical analysis EURUSD for 29.08.2022
The Tenkan-sen line is located above 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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9910. The closest resistance is the level 0.9990

Key levels
- 1.0200, 1.0090, 0.9990, 0.9910, 0.9800, 0.9715
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9910, with Take Profit of 0.9800 and Stop Loss of 0.9990
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9990, with Take Profit of 1.0090 and Stop Loss of 0.9910