Technical analysis EURCHF for 09.06.2022

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 level 1.0465. The closest resistance is the level 1.0490

Key levels

• 1.0550, 1.0490, 1.0465, 1.0414, 1.0350, 1.0300, 1.0250, 1.0190, 1.0090

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0490, with Take Profit of 1.0550 and Stop Loss of 1.0465

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0465, with Take Profit of 1.0414 and Stop Loss of 1.0490