Technical analysis EURCHF for 15.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.05250. The closest support is the level 1.04480

Key levels

• 1.06100, 1.05700, 1.05250, 1.04480, 1.04230, 1.03700

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.05250, with Take Profit of 1.05700 and Stop Loss of 1.04750

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.04480, with Take Profit of 1.04230 and Stop Loss of 1.04750