Technical analysis EURGBP for 30.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.8400. The closest resistance is the level 0.8430

Key levels

• 0.5898, 0.8445, 0.8515, 0.8485, 0.8460, 0.8430, 0.8400, 0.8375, 0.8340

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.8430, with Take Profit of 0.8375 and Stop Loss of 0.8460

Alternative scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.8430 and Stop Loss of 0.8375