Technical analysis EURCHF for 17.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains 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 support is the level 1.0190. The closest resistance is the level 1.0251

Key levels

• 1.0512, 1.0412, 1.0350, 1.0300, 1.0251, 1.0190, 1.0090

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1.0190, with Take Profit of 1.0090 and Stop Loss of 1.0251

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.0251, with Take Profit of 1.0350 and Stop Loss of 1.0190