Technical analysis EURCHF for 24.10.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.98720. The closest support is the level 0.97890

Key levels

• 0.99880, 0.99360, 0.98720, 0.97890, 0.97270, 0.96820

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 0.98720, with Take Profit of 0.99360 and Stop Loss of 0.98200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 0.97890, with Take Profit of 0.97270 and Stop Loss of 0.98200