Technical analysis EURCHF for 27.07.2022

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 0.97875. The closest support is the level 0.97270

Key levels

• 0.98775, 0.98325, 0.97875, 0.97270, 0.96830, 0.96410

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.97875, with Take Profit of 0.98325 and Stop Loss of 0.97570

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.97270, with Take Profit of 0.96830 and Stop Loss of 0.97570