Technical analysis EURGBP for 27.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument adjusted to the Kijun-sen line. The closest support is the level 0.8593. The closest resistance is the level 0.8640

Key levels

• 0.8715, 0.8640, 0.8593, 0.8555, 0.8515, 0.8470

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 0.8640 and Stop Loss of 0.8555

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.8555, with Take Profit of 0.8515 and Stop Loss of 0.8593