Technical analysis EURGBP for 25.08.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.84780. The closest support is the level 0.84375

Key levels

• 0.85610, 0.85225, 0.84780, 0.84375, 0.84000, 0.83575

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.84780, with Take Profit of 0.85225 and Stop Loss of 0.84600

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.84375, with Take Profit of 0.84000 and Stop Loss of 0.84600