Technical analysis EURNZD for 17.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6700. The closest resistance is the level 0.6755

Key levels

• 0.6890, 0.6810, 0.6755, 0.6700, 0.6660, 0.6615, 0.6530

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.6700, with Take Profit of 0.6755 and Stop Loss of 0.6660

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.6660, with Take Profit of 0.6530 and Stop Loss of 0.6700