Technical analysis EURUSD for 22.02.2022

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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.13075. The closest resistance is the level 1.13650

Key levels

• 1.14650, 1.14150, 1.13650, 1.13075, 1.12650, 1.12275, 1.11875, 1.11475

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.13650, with Take Profit of 1.13075 and Stop Loss of 1.13870

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.14150, with Take Profit of 1.14650 and Stop Loss of 1.13650