Technical analysis EURCHF for 02.06.2022

The Tenkan-sen line is located below 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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.03000. The closest support is the level 1.02590

Key levels

• 1.03560, 1.03280, 1.03000, 1.02590, 1.02370, 1.02050

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.03000, with Take Profit of 1.03280 and Stop Loss of 1.02750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.02590, with Take Profit of 1.02370 and Stop Loss of 1.02750