Technical analysis EURCHF for 04.04.2022

The Tenkan-sen line is located above 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 1.0185. The closest resistance is the level 1.0240

Key levels

• 1.0400, 1.0300, 1.0240, 1.0185, 1.0142, 1.0080, 0.9975

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.0240, with Take Profit of 1.0142 and Stop Loss of 1.0300

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1.0142, with Take Profit of 1.0240 and Stop Loss of 1.0080