Technical analysis EURCHF for 20.04.2022

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 is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 1.0290

Key levels

• 1.0480, 1.0360, 1.0290, 1.0225, 1.0165, 1.0090, 0.9975

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0290, with Take Profit of 1.0360 and Stop Loss of 1.0225

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0225, with Take Profit of 1.0165 and Stop Loss of 1.0290