Technical analysis EURCHF for 29.09.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.94350. The closest resistance is the level 0.94875

Key levels

• 0.96050, 0.95425, 0.94875, 0.94350, 0.93725

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 0.94875, with Take Profit of 0.94350 and Stop Loss of 0.95030

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.95425, with Take Profit of 0.96050 and Stop Loss of 0.94875