Technical analysis EURCHF for 25.08.2022

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 above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.96620. The closest support is the level 0.96170

Key levels

• 0.97360, 0.96945, 0.96620, 0.96170, 0.95830, 0.95420

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.96620, with Take Profit of 0.96945 and Stop Loss of 0.96400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.96170, with Take Profit of 0.95830 and Stop Loss of 0.96400