Technical analysis EURCHF for 25.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.03190. The closest support is the level 1.02810

Key levels

• 1.03600, 1.03400, 1.03190, 1.02810, 1.02630, 1.02420

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.03190, with Take Profit of 1.03400 and Stop Loss of 1.03020

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.02810, with Take Profit of 1.02630 and Stop Loss of 1.03020