Technical analysis EURCHF for 15.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.0185. The closest resistance is the level 1.0235

Key levels

• 1.0400, 1.0310, 1.0235, 1.0185, 1.0135, 1.0075, 0.9975

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.0185, with Take Profit of 1.0235 and Stop Loss of 1.0135

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0135, with Take Profit of 1.0075 and Stop Loss of 1.0185