Technical analysis EURCHF for 27.05.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom 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 1.0281. The closest resistance is the level 1.0319

Key levels

• 1.0360, 1.0340, 1.0319, 1.0281, 1.0263, 1.0242

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.0319, with Take Profit of 1.0281 and Stop Loss of 1.0340

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0281, with Take Profit of 1.0319 and Stop Loss of 1.0263