Technical analysis EURCHF for 06.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 resistance is the level 1.01850. The closest support is the level 1.01420

Key levels

• 1.04000, 1.03000, 1.02400, 1.01850, 1.01420, 1.00800, 1.00100

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.01420, with Take Profit of 1.01850 and Stop Loss of 1.01200

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 1.01850, with Take Profit of 1.01420 and Stop Loss of 1.02000