Technical analysis EURUSD for 18.09.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are 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

Key levels

1.08443, 1.09222, 1.10904, 1.11885, 1.12809

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 1.10904, with Take Profit of 1.12809 and Stop Loss of 1.09222

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 1.11885, with Take Profit of 1.08443 and Stop Loss of 1.12809