Technical analysis EURNZD for 27.12.2021

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 is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.6535. The closest resistance is the level 1.6640

Key levels

• 1.7050, 1.6910, 1.6770, 1.6640, 1.6535, 1.6440,1.6350, 1.6245, 1.6065

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1.6535 and Stop Loss of 1.6770

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1.6770, with Take Profit of 1.6910 and Stop Loss of 1.6680